On demand bonds
On demand bond and the ambit of the Marubeni presumption.
In the December 2019 edition of the Butterworths’ Journal of International Banking and Finance Law, (2019) 11 JIBFL 715, Adam Smith examines the ambit of the Marubeni presumption in the light of the decision in Rubicon Vantage International Pte Ltd v. Krisenergy Ltd [2019] EWHC 2012 (Comm), and in particular the application of the Marubeni presumption in determining the extent of an admitted on-demand liability
Source: Butterworths’ Journal of International Banking and Finance Law, (2019) 11 JIBFL 715