Lloyd's Law Reports

Professor Robert Merkin KC; Dr Johanna Hjalmarsson

Document

I.E. CONTRACTORS LTD. v. LLOYDS BANK PLC. AND RAFIDAIN BANK

[1990] 2 Lloyd's Rep. 496

COURT OF APPEAL

Before Lord Justice Purchas, Lord Justice Staughton and Sir Denys Buckley

Banking - Performance bonds - Counter-guarantees - Construction of poultry slaughterhouses in Iraq - Demands made under performance bonds - Whether demands valid - Whether demands on counter-guarantee valid.

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