Contractor loses court bid to halt performance bond payment

Bullish 50.0
The High Court has rejected a contractor’s attempt to stop a bank paying a developer almost £2.5m under a performance bond. The Technology and Construction Court ruled that Barclays Bank could not be restrained from meeting a demand made by Northern Gateway (FEC) No. 7…
The post Contractor loses court bid to halt performance bond payment appeared first on Construction News.
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