IBRAHIM v BARCLAYS BANK PLC AND ANOTHER
[2012] Lloyd's Rep Plus 46
COURT OF APPEAL
Before Lord Justice Rimer, Lord Justice McFarlane and Lord Justice Lewison
Subrogation - Whether payment made under letter of credit discharged debt due by debtor to creditor - Whether person providing indemnity to issuer of letter of credit was subrogated to creditor's claim - Whether effective assignment of rights.