Read the full judgment text of HCA 1323/2014 on BabelCite. This High Court CFI judgment was delivered on 11 December 2015.
1. China Construction Bank (Asia) Corporation Limited (“ Plaintiff ”) commenced these proceedings on 17 July 2014 against Shanghai Pudong Development Bank Co Ltd (“ Defendant” ). ThePlaintiff’s claims are made as the negotiating bank under 3 letters of credit (“ Letters of Credit ”) issued by the Defendant, and 3 bills of exchange (“ Bills ”) drawn under the Letters of Credit, in the aggregate sum of US$8,593,720. The Bills were issued by the Defendant on the application of Jiangyin Haigang In
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