Black & Veatch Corporation v Kazstroyservice Global BV
Black & Veatch Corporation v Kazstroyservice Global BV [2021] EWHC 2104 (TCC) (30 July 2021)
The court held that the parent company guarantee imposed secondary liability and allowed the guarantor to rely on the subsidiary’s cross-claims, including equitable set-off.
- Guarantees and indemnities
- Parent company guarantee
- Set-off
- Co-extensiveness principle
- Construction of contracts
- Parent-company-guarantee