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South Africa Case Law

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Banking And Finance [2013] ZAGPJHC 102

Denel Soc Ltd v Absa Bank Ltd and Others (19910/2011)

Denel Soc Ltd v Absa Bank Ltd and Others (19910/2011) [2013] ZAGPJHC 102; [2013] 3 All SA 81 (GSJ) (4 March 2013)

Court
South Gauteng High Court, Johannesburg
Case number
19910/2011
Judge
Malindi AJ

High Court interdicts payment under specified counter-guarantees, holding the demands were not compliant with the guarantees’ terms and refusing immediate payment pending Indian proceedings.

  • First Demand Guarantee
  • Counter Guarantee
  • Strict Compliance
  • Fraud Exception
  • Performance Bond
  • International Trade Finance
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South Africa decisions are organised by court, judge, legal area and indexed issue so a practitioner can move from a proposition to a citable authority with the surrounding context intact.

Source links and collection timestamps are retained alongside the indexed records.