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What is Legal Nature of Performance Bonds in Malaysia about?

This document summarizes a research paper that analyzed court cases in Malaysia to determine whether performance bonds in construction contracts are conditional or unconditional. Specifically: - There are two types of performance bonds: conditional bonds require proof of default, while unconditional "on-demand" bonds only require a demand from the beneficiary. - Malaysian courts have debated this issue over several cases with differing interpretations of similar bond wordings. - The objective of this r

Author

Yee Lim

Language

EN