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Don’t Stop Me Now: English Letters of Credit and Foreign Law Interference | ZFZ Postcard Cases
Every now and then a commodities trade goes horribly wrong, the parties fall out and someone rings their lawyer to ask: ‘can we stop the letter of credit?’. Injunctions to stop letters of credit are rare as hens teeth in England or the US but more common in other jurisdictions, where civil law systems allow greater latitude.
The Commercial Court’s decision in Macquarie Bank Limited v Banque Cantonale Vaudoise [2024] EWHC 114 (Comm) sets out in crystal clear terms the English law view on attempts to do so and the enduring liability of the issuing bank.
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Pre-emptively Peremptory? | Case by Case (Ep. 73)
With Luke deep in hearing prep this week, Calum was joined by Miguel to look at a (slightly speculative…) attempt to use the wording of the LMAA Small Claims procedure to bar a claim.
A quick fire one this week – but a snapshot into an interesting maritime law point, London Arbitration 9/23.
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Expanding Our Team: Welcoming Three Legal Talents to Our London Office!
We are thrilled to announce the latest growth at our law firm with the addition of three exceptional legal minds to our London office.