|Source:||All England Reporter|
|Publisher Citation:|| All ER (D) 153 (Oct)|
Peter Smith J
|Representation||Nicholas Stewart QC and Ian Clark (instructed by Gregsons) for the claimant.|
|Richard Atkins QC and Antony Zacaroli (instructed by Allen & Overy) for the defendants.|
|Judgment Dates:||9 October 2002|
Guarantee - Construction - Payment under guarantee - Claimant issuing guarantees - Bank issuing claimant counter-guarantees - Whether claimant required to make payment under guarantees before implementation of counter-guarantees.