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This is happening a lot with all Banks specially post credit crunch. They try not to honour BGs just to wear you out as a court procedure is expensive and daunting for many. But the fact is that a BG is an executive title that follows a special executive procedure so they are forced to pay up.
Please read our article on Spanish bank guarantees.
Last edited by Lawbird Lawyer; 12-02-2008 at 04:54 PM.
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