Source: All England Reporter
Publisher Citation: [2003] All ER (D) 417 (Feb)
Neutral Citation: [2003] EWHC 333 (Ch)
Court: Chancery Division
Judge:

Pumfrey J

Representation Ewan McQuater and Sonia Tolaney (instructed by Slaughter and May) for the claimants.
  Charles Aldous QC and Mark Pelling (instructed by Ince & Co) for the third defendant.
Judgment Dates: 28 February 2003

Catchwords

Guarantee and indemnity - Guarantee - Overdraft facility - Agreement - Determination of preliminary issues.

The Case

The court determined certain preliminary issues on the claimants' claim to be secured creditors of the first and second defendants and, inter alia, to have the benefit of an indemnity created by a letter from the third defendant in respect of certain borrowings by the first defendant.

Practice Areas

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