Guarantee and Counter Guarantee conflict in Judication and Court

Jihad Rifaat

New Member
Jurisdiction
Middle East
Guarantee and Counter Guarantee conflict in Judication and Court
1- The Counter Guarantee is subject Governing law/Jurisdiction the location of the counter-guarantor's branch or office that issued the counter-guarantee.
2- The guarantee s subject Governing law/Jurisdiction the location of the guarantor's branch or office that issued the guarantee.
The Counter Guarantee include a clear indication that it is subject to those rules.:

It is expressly agreed that you will fulfill your obligations resulting from the issuance of the said Guarantee, especially as regards to your paying, on first demand, any amounts claimed thereunder, without any/prior reference to me/us, not withstanding any objection whatsoever from me/us or from any other person.

The Clause to comment
WITHOUT RESERVATION AND NOTWITHSTANDING ANY PROTEST OR OBJECTION OF ANY KIND OR NATURE WHATSOEVER AND HOWSOEVER FROM THE APPLICANT, OR OURSELVES OR ANY THIRD PARTY

Inquiry
Any risk for non payment at the first demand from the counter guarantor in case of any dispute or legal action between applicants and beneficiaries
 
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