Lloyd's Law Reports Plus

Professor Robert Merkin KC; Dr Johanna Hjalmarsson

Document

TAURUS PETROLEUM LTD v STATE OIL MARKETING COMPANY OF THE MINISTRY OF OIL, REPUBLIC OF IRAQ

[2015] Lloyd's Rep Plus 76

COURT OF APPEAL

Before Lord Justice Moore-Bick, Lord Justice Sullivan and Lord Justice Briggs

Conflict of laws - Third party debt order - Situs of debt due under letter of credit - Whether court had jurisdiction to make order - Whether court entitled to make receivership order in respect of debt - Whether debt created by letter of credit became property of Iraqi state bank - Whether debt immune from execution - State Immunity Act 1978, section 14(4).

The rest of this document is only available to i-law.com online subscribers.

If you are already a subscriber, click Log In button.