Performance Bonds and Parent Company Guarantees – what is the market position in the aftermath of Carillion?
At our breakfast seminar on the 27 September, Construction Partner Richard Dyton and Associate Yeji Lee discussed the current unstable and uncertain climate and the attitude towards "on demand" or on default bonds in the aftermath of Carillion.
In this briefing, Richard Dyton and Yeji Lee cover:
- What use are Parent Company Guarantees?
- How do you enforce bonds when the surety is not a party to the contract?
