Bank Guarantees – Legality Of Timelines For 'Assertion Of Claim' And 'Enforcement Of Claim'

Bank Guarantees – Legality Of Timelines For 'Assertion Of Claim' And 'Enforcement Of Claim': As we are aware, Bank Guarantees ('BG/BGs') are independent contracts that vest the beneficiary therein with a right to make a claim against the bank to pay for the loss suffered due to the default...