DCC 29/2000
Type
Case
Court
Dubai Court of Cassation
Jurisdiction
Dubai
Taxonomy
Lending & Security, Guarantees
Copyright
LexisNexis
Decision date
7 May 2000
Catchwords
Guarantees – Mortgage – Two Guarantees
The original dispute involved a request for the confirmation of a mortgage which had been given to secure a debt by another party with a bank. A key point was that where there is doubt on what has been agreed it will be deemed in the guarantor's favour. In this case the guarantor had given two guarantees. Guarantees had to be clear, specific not conditional and unlimited.
Background