Guarantee

01 May 2015

Issue: 7650 / Categories: Case law , Law digest , In Court

Spliethoff’s Bevrachtingskantoor BV v Bank of China Ltd [2015] EWHC 999 (Comm), [2015] All ER (D) 123 (Apr)

The claimant company, SBV, contracted for the construction of two ships. The ships were not built on time and it obtained awards against the shipbuilders. Via two guarantees, SBV sought repayment from the defendant Chinese bank, which had helped to finance the venture. The question was whether judgments obtained in China against SBV would prevent the bank from being liable. The Commercial Court held that the Chinese judgments did not prevent the bank from being liable and that the bank’s application for a stay would be dismissed.

If you are not a subscriber, subscribe now to read this content

If you are already a subscriber sign in

...or Register for two weeks' free access to subscriber content

E-newsletter Sign-Up

MOVERS & SHAKERS

Read All

Muckle LLP—Stacey Brown

Corporate governance and company law specialist joins the team

Excello Law—Heather Horsewood & Darren Barwick

North west team expands with senior private client and property hires

Ward Hadaway—Paul Wigham

Firm boosts corporate team in Newcastle to support high-growth technology businesses

NEWS

Read All

Legal notice: Notice under the Trustee Act 1925

NOTICE UNDER THE TRUSTEE ACT 1925

HERBERT SMITH STAFF PENSION SCHEME (THE “SCHEME”)

NOTICE TO CREDITORS AND BENEFICIARIES UNDER SECTION 27 OF THE TRUSTEE ACT 1925

Emergency lawyers on call as international regulatory actions soar

Law firm HFW is offering clients lawyers on call for dawn raids, sanctions issues and other regulatory emergencies

NLJ this week: Employment law’s fine margins

From gender-critical speech to notice periods and incapability dismissals, employment law continues to turn on fine distinctions. In his latest employment law brief for NLJ, Ian Smith of Norwich Law School reviews a cluster of recent decisions, led by Bailey v Stonewall, where the Court of Appeal clarified the limits of third-party liability under the Equality Act

NLJ this week: Promises broken on non-molestation orders?

Non-molestation orders are meant to be the frontline defence against domestic abuse, yet their enforcement often falls short. Writing in NLJ this week, Jeni Kavanagh, Jessica Mortimer and Oliver Kavanagh analyse why the criminalisation of breach has failed to deliver consistent protection

NLJ this week: Assisted dying under the legal microscope

Assisted dying remains one of the most fraught fault lines in English law, where compassion and criminal liability sit uncomfortably close. Writing in NLJ this week, Julie Gowland and Barny Croft of Birketts examine how acts motivated by care—booking travel, completing paperwork, or offering emotional support—can still fall within the wide reach of the Suicide Act 1961

Error message

Guarantee

MOVERS & SHAKERS

Muckle LLP—Stacey Brown

Excello Law—Heather Horsewood & Darren Barwick

Ward Hadaway—Paul Wigham