Kazakhstan:
Bond, Performance Bond
12 April 2021
Unicase Law Firm
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A performance bond is issued to one party of a contract as a
guarantee against the failure of the other party to meet the
obligations specified in the contract. In RES sector the winner of
the auction provides a performance bond to the FSC as the guarantee
that the winner of the auction will complete the project.
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The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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