Overpayments by the guarantor in on-demand guarantees: is the guarantor entitled to subrogation?

Overpayments by the guarantor in on-demand guarantees: is the guarantor entitled to subrogation?

In the January 2017 edition of Butterworths Journal of International Banking and Financial Law, Cristin Toman a barrister practising from Enterprise Chambers considers to what extent a guarantor who has overpaid under anon-demand guarantee, is entitled to recover that overpayment directly from the borrower.

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About the author:

Neeta started her legal career at Allen & Overy in 2008 in the midst of the global financial crisis and the collapse of Lehmans where she gained most of her paralegal experience.

Neeta also did a short stint in litigation at the Revenue and Customs Prosecutions Office in 2006. Neeta graduated with a 2:1 honours degree from University of London, Queen Mary College and went on to obtain a distinction from the College of Law in the Legal Practice. She has been working at Lexis Nexis since April 2013.