Personal Guarantee in UK Law
- Court Finds 'Personal Guarantee' In Charterparty Dispute Is An 'On Demand Bond'
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“Ghost in the Machine”: Ghost Written Signatures on Legal Documents and the Authority to Act
Last week, celebrity chef Gordon Ramsay failed in his claim in the English High Court that he was not liable under a personal guarantee and indemnity (the “guarantee”) purportedly given by him in r...... ... claim in the English High Court that he was not liable under a personal guarantee and indemnity (the “guarantee”) purportedly given by him in ... ...
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Enforceability Of Personal Guarantees
...Personal Guarantees ... A personal guarantee is a legally binding obligation on an ... individual to repay a third party's debt or borrowing ... Effectively, if a company or primary debtor does ... ...
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Personal Guarantees ' When Blue Turns To Grey
... ... evidence of the financier who believes he has a valid and ... enforceable guarantee, and the evidence of the guarantor who ... believes he either never signed a guarantee or if he did it is in ... any event unenforceable ... Our ... ...
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How Good Is Your Guarantor?: A Reminder Of The Distinction Between A Guarantee And An Indemnity
... ... A Mr Tuckwell agreed to stand surety for the Loan under a personal guarantee and indemnity (the Personal Guarantee and Indemnity). Two advances were made under the Loan Agreement. Some months later, Catalyst sought ... ...
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Directors' personal guarantees
... ... often means that banks, landlords and even suppliers may agree to deal with the company only if its obligations are backed up by a personal guarantee from the individuals standing behind it ... Directors can be put under considerable pressure to give personal guarantees to get their company's ... ...
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How good is your guarantor?: A reminder of the distinction between a guarantee and an indemnity
The High Court recently handed down its decision in Catalyst Business Finance v. Very Tangy Television Limited, Richard Tuckwell, Very Tangy Media Limited [2018] EWHC 1669 (QB). The judgment provid...... ... A Mr Tuckwell agreed to stand surety for the Loan under a personal guarantee and indemnity (the Personal Guarantee and Indemnity). Two advances were made under the Loan Agreement. Some months later, Catalyst sought ... ...
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Execution Of Guarantees
...Seeking to enforce and make demand under a personal guarantee can be a minefield and we have previously written on the ... ...
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Case Update: Ramsay v Love
... ... (Ch), the celebrity chef Gordon Ramsay was found to be bound by a personal guarantee given to a landlord, even though he had not physically signed ... ...
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Are You Sure?
... ... The difference between suretyships of guarantee, and suretyships of indemnity ... A guarantee is a promise to ensure ... This agreement was fortified the same day by a personal guarantee from Mr Jagatramka. The personal guarantee stated that "[Mr ... ...
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