16 May 2016
ASIA INSURANCE CO, LTD v. WARM HOME CONSTRUCTION CO., LTD AND OTHERS
- Citation
- ASIA INSURANCE CO, LTD v. WARM HOME CONSTRUCTION CO., LTD AND OTHERS
- Court
- Court of Appeal
- Case number
- CACV186/2015
The demand complied with the Bond because BNIL acted for and on behalf of the IO as expressly defined in the Bond and the Indemnity Agreement; the Bond did not expire upon termination of the Works Contract under Clause 4; the appellant failed to demonstrate a defence on the merits with a real prospect of success, so there was no basis to set aside the default judgment.