BANCO SAN JUAN INTERNACIONAL INC v PETRÓLEOS DE VENEZUELA SA
 Lloyd's Rep. Plus 44
QUEEN’S BENCH DIVISION (COMMERCIAL COURT)
Before Mrs Justice Cockerill
Contract – Loan – Repayment – Summary judgment application – Whether defence that repayment rendered illegal by US sanction had a real prospect of success – Whether sum imposed under loan contract for breach was a penalty clause.