TURKIYE IS BANKASI AS v. BANK OF CHINA
[1998] 1 Lloyd's Rep. 250
COURT OF APPEAL
Before Lord Justice Hirst, Lord Justice Swinton Thomas and Lord Justice Mantell
Banking - Counter-guarantees - Enforcement - Counter-guarantees provided to back performance bonds to secure obligations under building contracts - Demands made under performance bonds - Whether demands fraudulent - Whether plaintiffs bound to pay under performance guarantee - Whether counter-guarantees could be enforced.