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Lloyd's Law Reports

MAHONIA LTD. v. JP MORGAN CHASE BANK AND ANOTHER [2003] EWHC 1927 (Comm)

[2003] 2 Lloyd's Rep. 911

QUEEN’S BENCH DIVISION (COMMERCIAL COURT)

Before Mr. Justice Colman

Banking - Letter of credit - Enforceability - Whether and in what circumstances a bank can rely on illegality affecting letter of credit as an excuse for failure to pay.

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