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26Jul

Advance payment guarantees: three unsuccessful attempts to prevent encashment

Advance payment guarantees are commonly used in the construction industry. However, successful challenges to a demand made under an advance payment guarantee appear to be less common. This article looks at three recent cases where demands were made under advance payment guarantees, and considers why the attempts to prevent encashment failed....
By: White & Case LLP
Source Url: https://www.jdsupra.com/legalnews/advance-payment-guarantees-three-10101/

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