Recourse To Security Based On A Bona Fide Claim
10 November, 2023
Recourse To Security Based On A Bona Fide Claim
Total Construction Pty Ltd v Catholic Healthcare Limited NSWSC 585 It is common for bank guarantees (BGs) to be used as a form of security to secure the performance of a contractor’s obligation in a construction contract. A principal’s right to have recourse to the BGs is often governed by…