Financial Institutions and Markets

Court of Appeal gives guidance on enforceability of bank guarantee

Contact: Mark Brookes, Partner and Tom Pepper, Solicitor 

The Queensland Court of Appeal has allowed a bank to enforce a personal guarantee given by a woman who claimed she was a volunteer and did not understand the nature and effect of the transaction. This case provides lenders and their solicitors a useful example of how to ensure guarantees are enforceable.

To read the full article click here, or visit www.carternewell.com.

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