Law-Now
Power projects: the autonomous nature and commercial importance of on-demand bonds
10 Apr 2025
International
1 min read
Authors
In Power Projects Sanayi Insaat Ticaret Limited Sirketi v Star Assurance Company Ltd [2024] EWHC 2798 (Comm), the English Commercial Court has reinforced the pivotal role of on-demand performance bonds in international commerce, particularly within the power industry...