Lloyd's Law Reports

Professor Robert Merkin KC; Dr Johanna Hjalmarsson

Document

MINORIES FINANCE LTD. v. AFRIBANK NIGERIA LTD.

[1995] 1 Lloyd's Rep. 134

QUEEN’S BENCH DIVISION(COMMERCIAL COURT)

Before Mr. Justice Longmore

Banking - Letter of credit - Collection - Bills of exchange expressed to be payable to plaintiffs - Defendants effected payment to “beneficiaries” of bills of exchange - Whether defendants in breach of contract to collect proceeds on behalf of plaintiffs - Whether plaintiffs made out a case suitable for summary judgment - Whether action should be heard in Nigeria as more convenient forum.

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