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Lloyd's Law Reports Plus

TRAFIGURA BEHEER BV v KOOKMIN BANK CO

[2006] Lloyd's Rep Plus 78

QUEEN’S BENCH DIVISION(COMMERCIAL COURT)

Before Mr Justice Aikens

Banking – Letter of credit – Issuing bank commencing proceedings against seller in Korea for breach of duty – Seller seeking declaration of non-liability and anti-suit injunction in England – Law governing claim by issuing bank against seller – Whether claim “relating to tort” – Place where most significant elements constituting the tort occurred – Whether claim more closely connected with some other jurisdiction – Private International Law (Miscellaneous Provisions) Act 1995, sections 9, 11 and 12.

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