Tag Archives: Special Equities

The law on invocation of bank guarantees is well-settled. The Supreme Court has consistently held that the beneficiary of a bank guarantee is entitled to invoke it (in accordance with its terms) irrespective of any dispute between the beneficiary and the party at whose behest the guarantee is given. For, a bank guarantee is anContinue reading “Is ‘Special Equities’ a Distinct Exception to Invocation of Bank Guarantees?”