RAINY SKY SA AND OTHERS v KOOKMIN BANK
[2011] Lloyd's Rep Plus 5
COURT OF APPEAL
Before Lord Justice Thorpe, Lord Justice Patten and Sir Simon Tuckey
Contract - Guarantee - Shipbuilding contracts - Bank issuing advance payment bonds guaranteeing repayment to buyers of pre-delivery instalments of purchase price in certain events - Whether bond covered contractual repayments due from shipbuilder to buyers on insolvency of shipbuilder.