The Governing Principles of Interpretation of Performance Guarantees - Simic v New South Wales Land and Housing Corporation [2016] HCA 47
Abstract
Performance guarantees are security instruments issued by banks and other financial institutions.
These security instruments are important in a wide variety of domestic and international commercial
contracts such as building construction, energy industry and export trade. This case note examines the
significance of the principles of autonomy and strict compliance in the interpretation of demands
under performance guarantees.
Journal Title
Journal of Banking and Finance Law and Practice
Volume
28
Publisher URI
Copyright Statement
© 2017 Thomson Reuters. This article was first published by Thomson Reuters in the Journal of Banking and Finance Law and Practice and should be cited as Thanuja Rodrigo, The Governing Principles of Interpretation of Performance Guarantees - Simic v New South Wales Land and Housing Corporation [2016] HCA 47, (2017) 28 JBFLP 270. For all subscription inquiries please phone, from Australia: 1300 304 195, from Overseas: +61 2 8587 7980 or online at legal.thomsonreuters.com.au/search. The official PDF version of this article can also be purchased separately from Thomson Reuters at http://sites.thomsonreuters.com.au/journals/subscribe-or-purchase.
Subject
International Trade Law
Accounting, Auditing and Accountability
Law