Continue reading "Construction Focus: On-demand bonds – a return to form?"
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Construction Focus: On-demand bonds – a return to form?
John Starr reviews recent cases highlighting that the courts will only interfere with irrevocable obligations, such as bonds, in exceptional cases ‘The only established exceptions to the rule that the court will not intervene should be where there is a seriously arguable case of fraud, or it has been clearly established that the beneficiary is …