TTSJV WLL AND OTHERS v BAPCO REFINING BSC

[2026] EWHC 2047 (TCC), Technology and Construction Court, Pepperall J, 4 August 2026

Performance guarantee – Injunction to suspend demand – Circumstances in which injunction may be granted

The claimant sought an injunction to require the defendant suspend its demand for payment of the sum of US$484,406,323 on a performance guarantee issued by HSBC Bank Middle East Ltd and to restrain the defendant from making any further demand on the performance guarantee or upon a retention bond issued by Mashreqbank pending further order of the court or of any emergency arbitrator that might be appointed by the London Court of International Arbitration.