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Jones Day | United Kingdom | 14 Apr 2011

Performance bonds: a chink in the armour?

Described as the "life-blood of international commerce", irrevocable payment obligations undertaken by banks through the issue of performance bonds appear potentially less immune from interference by the courts following the Technology and Construction Court's ruling in Simon Carves Ltd v Ensus UK Limited.


Jones Day | United Kingdom | 25 Aug 2009

UK Office of Fair Trading ramps company directors’ responsibility for competition law compliance

On 18 August 2009, the UK Office of Fair Trading (OFT) published a consultation on significant proposed changes to its guidance on the adoption of competition disqualification orders (CDOs) against company directors.

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