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Aug 10, 2005 in Insurance

“Performance Bonds – construction of their terms”: American Re-Insurance Company -v- Thomas Gervay [2005] NSWSC 802

Author: Linda HamiltonJudgement Date: 12th August, 2005Citation: American Re-Insurance Company -v- Thomas Gervay [2005] NSWSC 802Jurisdiction: New South Wales Supreme Court[1]In BriefOn 13 March 2003, the Surety (the Plaintiff) provided Austin Australia Pty Ltd (in liquidation) (“the Contractor”) with two performance bonds.  These bonds were in favour of Chelmsford Green Development Pty Ltd (“Chelmsford”) for a total amount of...
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