Injunctions restraining calls on performance bonds: Is fraud the only ground in Singapore?

• Main Authors: LOH, Quentin, TANG, Hang Wu
• Format: text
• Language: English
• Published: Institutional Knowledge at Singapore Management University 2000
• Subjects: Performance bond; guarantee; on demand; injunctions; international finance; Asian Studies; Banking and Finance Law; International Law
• Online Access: https://ink.library.smu.edu.sg/sol_research/2379; https://ink.library.smu.edu.sg/context/sol_research/article/4337/viewcontent/Injunctions_restraining_calls_on_performance_bonds.pdf
• Institution: Singapore Management University

This paper traces the divergence of Singapore law from English law with regard to the grounds upon which a call on a performance bond can be restrained, in particular the recent recognition of the Singapore Court of Appeal's ruling that "unconscionability" is a separate ground to rest...