Law-Now 05 Jun 2020 · Brazil

Advance payment bonds: “stepping down” provisions and more guidance on the URDG

1 min read

Authors

London

Aidan Steensma

Of Counsel

Robin Wood

London

Adrian Bell

Partner

Co-head of the Infrastructure, Construction and Energy Disputes Group | Joint Managing Director for Asia and the Middle East

Joaquín Gotor

Last month we reported on a TCC decision which considered the requirements for making and rejecting a demand under an advance payment bond subject to the URDG. Very similar issues have now been considered by the Appellate Division of the Civil and Commercial Court...

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