Lloyd's Law Reports

Professor Robert Merkin KC; Dr Johanna Hjalmarsson

Document

HYUNDAI SHIPBUILDING & HEAVY INDUSTRIES CO. LTD. v. POURNARAS SAME v. BOUBOULINA SHIPPING S.A.

[1978] 2 Lloyd's Rep. 502

COURT OF APPEAL

Before Lord Justice Stephenson and Lord Justice Roskill

Contract - Shipbuilding - Guarantee - Buyers defaulted in payment - Whether guarantor liable under guarantee - Whether guarantor's liability ceased once contract at an end - Whether guarantor entitled to set off - Whether guarantor could claim equitable relief - R.S.C., O. 14.

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