PERFORMANCE SECURITY: BONDS, GUARANTEES AND …
Logistics Group Co Ltd, Yangzhou Guoyu Shipbuilding Co Ltd v Emporiki Bank of Greece1 (Wuhan Case). In the Wuhan Case, a decision was made as to whether a payment guarantee in relation to a shipbuilding contract provided by a bank was properly classified as a guarantee or an 'on demand bond'. As will be discussed, the
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