Bank Notes

  • Home
  • News
  • Administration
  • Agency and Mandate
  • Bonds and Notes
  • Cheques and bills
  • Companies
  • Confidentiality
  • Consumer credit
  • Contract
  • Conversion
  • Data Protection
  • Default and demand
  • Documentary credits
  • Fiduciary duties
  • Financial Services Regulation
  • Fraud and economic torts
  • Guarantees and indemnities
  • Hire and asset finance
  • Injunctions
  • Insurance
  • Joint and vicarious liability
  • Limitation
  • Mistake
  • Money Laundering
  • Negligence and Advisory Liability
  • Partnership
  • Procedure
  • Receivership
  • Security
  • Trust and Accessory Liability
  • Unjust enrichment


U - UCP


25/5/17

DEUTSCHE BANK AG v CIMB BANK BERHAD [2017] EWHC 1264 (Comm)

On a proper interpretation of article 7 of the UCP, an issuing bank is entitled to require a confirming bank to provide further information to prove that payment had in fact been made.  But the court should not entertain requests seeking unduly to investigate a confirming bank's payment arrangements, in the hope that something by way of a defence would turn up.