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.