Lloyd's Law Reports

Professor Robert Merkin KC; Dr Johanna Hjalmarsson

Document

DISCOUNT RECORDS LTD. v. BARCLAYS BANK LTD. AND BARCLAYS BANK INTERNATIONAL LTD.

[1975] 1 Lloyd's Rep. 444

CHANCERY DIVISION

Before Mr. Justice Megarry

Banking - Irrevocable documentary credit - Goods delivered not in accordance with order - Allegation that sellers guilty of fraud - Whether irrevocable credit could be revoked - Whether bank should be restrained by injunction from paying on credit.

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