Article: Whose Risk Is It Anyway? Performance Security Revisited
Date: 30 March 2020
As the global financial system moves into a time of considerable stress and uncertainty, when so many major infrastructure projects are underway, Sean Wilken QC revisits the basic principle underlying performance bonds and financial securities. This article includes reference to recent case examples including Yuanda v Multiplex Europe & ANZ and Multiplex v R&F One (UK) Ltd.