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The missing link

By: Language: English Series: Estates Gazette ; (0841) 18 October 2008, 148-150(2)Publication details: 2008Subject(s): Summary: Legal article looks at the importance of securities in relation to protecting the cash flow of developers and funders in the event of a link in the development chain becoming insolvent. Discusses the range of securities used, including on-demand bonds, proven default bonds, retention bonds and guarantees and personal guarantees.

Legal article looks at the importance of securities in relation to protecting the cash flow of developers and funders in the event of a link in the development chain becoming insolvent. Discusses the range of securities used, including on-demand bonds, proven default bonds, retention bonds and guarantees and personal guarantees.