Case Study – Bank’s Refusal to Call Guarantee Due to Dispute Over Underlying Contract

Description

AUDIO Case Study

In this episode, we explore the intricate dispute between ABC Construction and a real estate developer, which threatened to invoke a bank guarantee from XYZ Bank. As tensions rise over project specifications and payments, the developer claims default, but ABC Construction counters with allegations of contract breaches. Tune in as mediation and strategic negotiations unfold, leading to a resolution that not only preserves the bank guarantee but also reestablishes collaboration and trust, allowing the project to move forward successfully.