TURKIYE IS BANKASI AS v. BANK OF CHINA
[1996] 2 Lloyd's Rep. 611
QUEEN’S BENCH DIVISION(COMMERCIAL COURT)
Before Mr. Justice Waller
Banking - Counter-guarantees - Enforcement - Counter-guarantees provided to back performance bonds to secure obligations under building contracts - Demands made under performance bonds - Whether demands fraudulent - Whether plaintiffs bound to pay under performance guarantee - Whether counter-guarantees could be enforced.