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 87

COURT OF APPEAL

Before Lord Justice Mummery, Lord Justice Lloyd and Sir Paul Kennedy

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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