Search court decisions

…The issue of bank guarantee is not a new one as it featured during hearing of the application for stay. It was common ground that a bank guarantee automatically expires after a year and would have to be renewed.…

…Indeed the bank guarantee for KShs. 2 million ordered pending inter partes hearing of the application for stay had expired at the time of hearing of the application.…

…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.”…

…(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).…