Performance bonds and injunction : an unconscionable conduct / Nur ‘Ain Ismail , Norazlin Mat Salleh and Nor Nazihah Chuweni

• Main Authors: Ismail, Nur ‘Ain, Mat Salleh, Norazlin, Chuweni, Nor Nazihah
• Format: Conference or Workshop Item
• Language: English
• Published: 2012
• Subjects: Credit. Debt. Loans; Malaysia; Commercial credit. Commercial loans. Credit management; Government securities. Industrial securities. Venture capital
• Online Access: http://ir.uitm.edu.my/id/eprint/41832/1/41832.pdf; http://ir.uitm.edu.my/id/eprint/41832/

Performance bonds and guarantees have been the subject of considerable litigation either in Malaysia or other law jurisdiction. Performance bond and guarantees given are considered as a security to the beneficiary but there are triggering events which restrain a call or payment of the bond. Injunct...