Cases: International Banking Law

Solo Industries v Canara Bank [2001] EWCA Civ 1041

  Solo Industries v Canara Bank [2001] concerned enforcement of a performance bond that was acquired fraudulently.   The case summary contains 332 words. Keywords: International Banking Law – Performance bond – Purchase contract – Beneficiary – Bank – Fraud – Payment – Court of Appeal Facts: In Solo Industries v Canara Bank [2001], the…

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Themehelp v West [1995] 3 WLR 751

  Themehelp v West [1995] is an International Banking Law concerning, inter alia, an interlocutory injunction.   The case summary contains 271 words. Keywords: International Banking Law – Contract – Fraudulent misinterpretation – Guarantee – Interlocutory injunction – Court of Appeal Facts: In Themehelp v West [1995], the buyers agreed to purchase the sellers’ business…

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Owen (Edward) Engineering Ltd v Barclays Bank International Ltd [1978] Q.B. 159

    Owen (Edward) Engineering Ltd v Barclays Bank International Ltd [1978] is an International Banking Law case concerning a performance bond.   The case summary contains 351 words. Keywords: International Banking Law – Performance bond – Libyan customers – Interim injunction – Bank – Fraud – Court of Appeal Facts: In Owen (Edward) Engineering…

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Frans Maas (UK) Ltd v Habib Bank AG Zurich [2001] Lloyds Rep: Banking 14

Facts: P imported clothing to the UK. The good were held in Frans Maas (FM’s) bonded warehouse. Upon release of the goods from the warehouse, the parties agreed for FM to pay the VAT and duty and then P to reimburse FM.  The parties then reached an agreement, whereby P agreed to pay off the…

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Midland Bank Ltd v Seymour [1955] 2 Lloyd’s Rep. 147

Facts: The sellers turned out to be rogued and buyer never received the goods purchased. His bank had paid out under the letter of credit. The buyer refused to reimburse the bank on the ground that the bill of lading did not state the description, quantity and price of the goods. However, this information was…

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