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BANCO SAN JUAN INTERNACIONAL INC v PETRÓLEOS DE VENEZUELA SA

Lloyd's Law Reports Plus

BANCO SAN JUAN INTERNACIONAL INC v PETRÓLEOS DE VENEZUELA SA

[2021] 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.

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