Are Guarantors penalised more heavily than the Borrower in case of the Borrowers Default - An analysis of Pereira, Dennis John Sunny v United Overseas Bank Ltd [2017] SGCA 62 (Pereira)
By EsqSocial Corporation 20/07/18
Guarantors are key elements of many loans – they reduce the need for borrowers to provide collaterals while still giving creditors security of repayment, sometimes by offering their own assets as security for the loans granted to the borrowers. While...
By: Dentons