Practical Law

In my previous blog post, (Mis)Understanding Perar, I referred to the practice of employers of amending the standard ABI bond wording to cater for misconceived difficulties in claiming under a performance bond following the insolvency of the contractor. At the time, there was no reported decision on a bond wording that contained such amendments, but … Continue reading TCC judgment illustrates danger of amending ABI bond →

This post considers whether a performance bond: Is triggered by the insolvency of the principal contractor. Will respond if the principal contractor becomes insolvent. If you are still misunderstanding the implications of the decision in Perar BV v General Surety & Guarantee Co Ltd then you are not alone. Many well regarded law firms also misunderstand … Continue reading (Mis)understanding Perar →