PT JAYA SUMPILES INDONESIA V KRISTLE TRADING LTD

[2009] SGCA 20, Court of Appeal, Andrew Phang Boon Leong JA, Chan Sek Keong CJ, V K Rajah JA, 28 May 2009

Guarantee – Whether payable on demand – Whether time-barred – Whether liability acknowledged – Whether limitation period extended upon conversion of arbitration award to enforceable judgment – Whether limitation defence waived – Extent of guarantors’ liability – Whether guarantee an indemnity – Whether a performance guarantee or a payment guarantee