Lloyd's Law Reports

Professor Robert Merkin KC; Dr Johanna Hjalmarsson

Document

POWER CURBER INTERNATIONAL LTD. v. NATIONAL BANK OF KUWAIT S.A.K.

[1981] 2 Lloyd's Rep. 394

COURT OF APPEAL

Before Lord Denning, M.R., Lord Justice Griffiths and Mr. Justice Waterhouse

Banking - Letter of credit - Proper law - American sellers claimed payment under letter of credit issued by bank in Kuwait - Court in Kuwait forbade payment - Sellers applied for summary judgment - Whether proper law of letter of credit Kuwaiti law - Whether sellers entitled to summary judgment - Whether stay of execution should be granted.

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