The bank sought to enforce ‘letters of comfort’ provided by the parent company of the bank’s debtor.
Held: The bank succeeded.
Hirst J
[1988] 1 All ER 714
England and Wales
Cited by:
Appeal from – Kleinwort Benson Ltd v Malaysia Mining Corporation CA 1989
The court at first instance had found enforceable a letter of comfort provided by the parent company of the bank’s client.
Held: The appeal succeeded. Ralph Gibson LJ said: ‘The court would not, merely because the parties had referred to the . .
Cited – Associated British Ports v Ferryways Nv and Another CA 18-Mar-2009
The court considered whether a document was a guarantee requiring the formality of the 1677 Act, or an indemnity.
Held: The appeal failed. The letter agreement was properly a contract of guarantee which foundered on the subsequent variation. . .
Lists of cited by and citing cases may be incomplete.
Updated: 24 August 2021; Ref: scu.322763 br>