The importance of a demand — East Ayrshire Council v Zurich Insurance
In a recent case, the Scottish Court of Session reiterated the importance of acting consistently with agreed procedures for making a demand under a performance bond.
The ruling emphasised that it is irrelevant whether or not the procedures appear to have significant practical effect.
The Scottish Coal Company was granted planning permission for a surface mine at Dalfad in Aberdeen, but it was subject to various restoration obligations that were secured by an on-demand bond provided by Zurich Insurance…
Click on the link below to read the rest of the Gateley briefing.
Sign in or Register to continue reading this article
It's quick, easy and free!
It takes just 5 minutes to register. Answer a few simple questions and once completed you’ll have instant access.Register now
Why register to The Lawyer
In-depth, expert analysis into the stories behind the headlines from our leading team of journalists.
Identify the major players and business opportunities within a particular region through our series of free, special reports.
Receive your pick of The Lawyer's daily and weekly email newsletters, tailored by practice area, region and job function.
More relevant to you
To continue providing the best analysis, insight and news across the legal market we are collecting some information about who you are, what you do and where you work to improve The Lawyer and make it more relevant to you.
News from The Lawyer
Briefings from Gateley
When their house collapsed in November 2012, Mr Goldswain and Ms Hale were left in a terrible position.
The idea of having a public register of people with control is to cut out misuse of companies, but in practice these proposals will add significantly to the administrative burden of companies.
Analysis from The Lawyer
The Law Society recently published guidance to assist solicitors draw up Shariah-compliant wills, causing outrage in some quarters. Gateley’s Haroon Rashid explains the facts.