Louis Grandjouan recently featured in the Butterworths Journal of International Banking and Financial Law (JIBFL) for his article “Does a contract of indemnity sound in damages, or in debt?”
In this article, Louis examines the tension between two conflicting Court of Appeal authorities on the nature of claims under contracts of indemnity. One line of authority treats an indemnity as sounding in unliquidated damages (McGuinness v Norwich and Peterborough Building Society [2011] EWCA Civ 1286). The other treats it as sounding in debt (Royscot Commercial Leasing Ltd v Ismail (unreported) 29 April 1993).
The full article is available via Butterworths Journal of International Banking and Financial Law Journal here. (registration required)
