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performance bondssecurity for performanceinjunctions
CR Construction (UK) Company Ltd v Barclays Bank PLC
[2026] EWHC 202 (TCC)
Key Principle
A court will not restrain a bank from paying out under an on-demand performance bond where the conditions for a valid demand have been met, absent clear evidence of fraud of which the bank is aware; defects in the demand are assessed by reading the demand documents as a whole.
Area of Law
General
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