Source: All England Reporter
Publisher Citation: [2012] All ER (D) 94 (Apr)
Neutral Citation: [2012] EWHC 1020 (QB)
Court: Queen's Bench Division
Judge:

Cranston J

Representation Stuart Hornett (instructed by Addleshaw Goddard LLP) for the claimant.
  David Alexander QC and Henry Phillips (instructed by Lake Jackson Solicitors) for the defendants.
Judgment Dates: 20 April 2012

Catchwords

Bank - Guarantee - Personal guarantee - Defendants being directors or senior managers of company - Defendants providing personal guarantees to claimant bank indemnifying liabilities of company - Company being placed into administration - Security insufficient to meet liabilities - Bank seeking outstanding sums under personal guarantees - Whether guarantees enforceable.

The Case

Bank Guarantee. The Queen's Bench Division held that the claimant bank had been entitled to pursue the defendant guarantors under personal guarantees.

Practice Areas

If you are a LexisLibrary subscriber you can read more about this case here.