No fraud, no injunction: The TCC refuses to stop an on‑demand bond call
The Technology and Construction Court (the “Court”) has handed down an important judgment on when the courts will intervene to prevent payment under a performance bond. In CR Construction (UK) Company Limited v Barclays Bank plc & Northern Gateway (FEC) No. 7 Limited, the Court reaffirmed the strict approach taken to on‑demand bonds and the very narrow circumstances in which injunctive relief will be granted.
