Lloyd's Law Reports

Professor Robert Merkin KC; Dr Johanna Hjalmarsson

Document

CATTLES PLC v WELCOME FINANCIAL SERVICES LTD AND OTHERS

[2010] 2 Lloyd's Rep. 514

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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