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Letters of credit: Issuer reimbursement obligation (Deutsche Bank AG v CIMB)

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Published on: 13 June 2017
Published by a LexisNexis Banking & Finance expert

Table of contents

  • Original news
  • Why is the case of interest?
  • What were the facts?
  • Issue before the court
  • Arguments of confirming bank
  • Arguments of issuing bank
  • Decision
  • Conclusions
  • Case details

Article summary

Banking & Finance analysis: This case considers the rights and obligations that arise between an issuer of a letter of credit and a confirming party that makes payment to a beneficiary.

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Jurisdiction(s):
United Kingdom

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