CASE IN FOCUS: STATUTORY DEMANDS

摘要

Martin vs McLaren Construction Ltd [2019] EWHC 2059 (Ch) Before ICC Judge Barber In the Insolvency and Companies List Judgment delivered 29 July 2019 On 9 December 2013 Mr Martin provided a personal guarantee to McLaren whereby he undertook to discharge to McLaren his own liabilities together with the liabilities of three companies in which he had a controlling interest. Clause 1 of the guarantee provided that if any of the companies failed to pay an amount when due, Mr Martin would immediately on demand pay the relevant amount as if he were the principal obligor.