Customs Bonds, Like Other Performance Guarantees, Are Independent of Their Underlying Contracts, Court Says
A customs bond is governed by the “autonomy principle”, just like other similar performance guarantees, meaning
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A customs bond is governed by the “autonomy principle”, just like other similar performance guarantees, meaning
This does not mean that a company must be saved at all costs.
Without a validly registered industrial design, the statutory basis for a law suit is lost, rendering the suit not mantainable.
The Court rejected Advocate Joseph Kyazze’s argument that the power of attorney requirement only applies to a mortgagor/registered owner of land and not the mortgagee/lender.



