Esso Petroleum Malaysia Inc. v Kago Petroleum Sdn Bhd
| Jurisdiction | Malaysia |
| Judgment Date | 1995 |
| Date | 1995 |
| Year | 1995 |
| Court | Supreme Court (Malaysia) |
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64 cases
3 firm's commentaries
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Performance Bonds And Bank Guarantees: Interpretations And Demands
...What is required to trigger payment in such bonds is the demand simpliciter. In Esso Petroleum Malaysia Inc. v. Kago Petroleum Sdn. Bhd [1995] 1 AMR 189 the then Supreme Court on examination of the performance bond in that case held that it was a pure on demand guarantee and therefore a mer......
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Performance Bonds And Bank Guarantees: Interpretations And Demands
...What is required to trigger payment in such bonds is the demand simpliciter. In Esso Petroleum Malaysia Inc. v. Kago Petroleum Sdn. Bhd [1995] 1 AMR 189 the then Supreme Court on examination of the performance bond in that case held that it was a pure on demand guarantee and therefore a mer......
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FAQ On How To Prevent Or Resist The Calling Of A Performance Bond
...interfere with the machinery of irrevocable obligations assumed by banks. - See Esso Petroleum Malaysia Inc v Kago Petroleum Sdn Bhd [1995]1 MLJ 149 5. Under what circumstances will the courts allow an application for an injunction to restrain the calling of a performance The courts do reco......
2 books & journal articles
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RESTRAINING A CALL ON A PERFORMANCE BOND: SHOULD ‘FRAUD OR UNCONSCIONABILITY’ BE THE NEW ORTHODOXY?
...Pegawai Kerajaan Sdn Bhd v Bank Bumiputra Malaysia Bhd[1991] 2 MLJ 565, at 567—68; Esso Petroleum Malaysia Inc v Kago Petroleum Sdn Bhd[1995] 1 MLJ 149, at 157. 33 See also Intraco Ltd v Notis Shipping Corp[1981] 2 Lloyd’s Rep 256, at 257. 34 [1999] 1 SLR 374, at para 26, 33. Cf supra, n 14......
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AN ANALYSIS OF RECENT JUDICIAL DEVELOPMENTS IN SELECTED AREAS OF CIVIL PROCEDURE
...Pte Ltd v UDL Shipbuilding (S) Pte Ltd[1993] 3 SLR 350. 125 [1995] 1 SLR 159. 126 Ibid, at p 165. 127 [1995] 2 SLR 733, at p 747. 128 [1995] 1 MLJ 149. 129 Ibid, at p 158. 130 [1995] 2 SLR 148. 131 Ibid, at p 150. 132 [1995] 1 SLR 673. 133 Ibid, at p 681. 134 Ibid. 135 Ibid. 136 Ibid. Compa......