Judgment[1988] KECA 123
Case law
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Division and case type: CivilCivil Appeal
…Bank guarantee and payment into court are but two of them… so long as it is adequate, then the form of it is a matter which is immaterial.”…
…If it would be easier for the defendants or if for any reason they would prefer to provide a bank guarantee rather than by cash, I can see absolutely no reason in principle why they should not do so.”…
Division and case type: CivilCivil Appeal
…(b) An order do issue restraining the defendant its servants or agents from realizing the security issued by the Standard Chartered Bank Ltd by way of Bank guarantee for the due performance of contract until determination…
…Delay if any, in releasing the bank guarantee provided by the plaintiff is sought to be explained in the defence. In addition there were very many factors involving accounting disputes (not admitted).…