Lloyd's Law Reports Plus

Professor Robert Merkin KC; Dr Johanna Hjalmarsson

Document

CATTLES PLC v WELCOME FINANCIAL SERVICES LTD AND OTHERS

[2010] Lloyd's Rep Plus 45

CHANCERY DIVISION

Before His Honour Judge David Cooke

Banking – Guarantee – Interpretation – Guarantee clause preventing guarantor from making “any claim” in liquidation – Whether prevented from making “any claim” or just claim under guarantee – Position of bondholders.

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