ST MICROELECTRONICS NV v CONDOR INSURANCE LTD
[2006] Lloyd's Rep Plus 85
QUEEN’S BENCH DIVISION(COMMERCIAL COURT)
Before Mr Justice Christopher Clarke
Guarantee by defendants of sums due under supply
contracts – Debtor agreeing to make early payment of part of principal debt in
order to secure continuity of supplies – Whether agreement amounting to
variation of terms of debt – Whether guarantor discharged from liability.