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When Is A Guarantee An On Demand Bond?
The Commercial Court has indicated when a guarantee might give rise to a primary liability arising independently and upon demand, as opposed to a secondary liability where the guarantor's liability mirrors the liability of the debtor.
United Arab Emirates
11 Jul 2019
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Another Hanjin: Forewarned Is Forearmed
The Hanjin crisis has been dominating the shipping news since 31 August 2016 when the company filed for court receivership in South Korea...
United Arab Emirates
17 Jul 2017
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