Legal proceedings in the case of discontinuation of use of a bank guarantee

News / 05.09.2016

In connection with the Beneficiary’s attempt to use the bank guarantee issued by the Bank at the request of the Law Firm’s Client, in order to secure possible claims for non-performance or improper performance of the construction contract (related to the implementation of the investment titled “Contract No. DT/9/2012 concerning the construction of a 400 MWe gas-steam unit with a district heating section at the Stalowa Wola CHP Plant S. A.”), the Law Firm filed a lawsuit demanding an order to cease using the bank guarantee, or alternatively, to establish that there is no bank guarantee relationship between the defendants with the content specified in the bank guarantee document covered by the proceedings.

The value of the subject of the dispute is more than PLN 3 million.