HABIB BANK LTD v CENTRAL BANK OF SUDAN
[2006] Lloyd's Rep Plus 76
QUEEN’S BENCH DIVISION(COMMERCIAL COURT)
Before Mr Justice Field
Banking – Letters of credit – Payment made under
letters of credit by issuing bank – Failure by confirming bank to provide
indemnity – Jurisdiction of English court – Service outside the jurisdiction –
Whether service valid – Whether agreement governed by English law – CPR Parts
6.20 and 6.24 – Whether claim time barred – Whether debt acknowledged –
Limitation Act 1980, sections 5 and 29 – Rate of interest.