ST MICROELECTRONICS NV v CONDOR INSURANCE LTD
[2006] 2 Lloyd's Rep. 525
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.