Guernsey Judgment 48/2006 - KWL Advertising Ltd (in Liquidation) v Kountouris and Kountouris

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Guarantees given by the defendants in respect of KWL's debts to Barclays Bank PLC - deed purporting to assign the bank's interests in those guarantees to KWL - whether the guarantees are enforceable or not - persuasive effect of Hutchens v Deauville Investments Pty Ltd (1986) 68 ALR 367 - held that the alleged assignment of the guarantees in favour of KWL, the primary debtor, was legally ineffective - proceedings dismissed