BAYER POLYMERS COMPANY LIMITED(formerly named Bayer Premier Company Limited) v THE INDUSTRIAL AND COMMERCIAL BANK OF CHINA, Hong Kong Branch (a company incorporated under the laws of The People's Republic of China)

Read the full judgment text of HCCL 307/1998 on BabelCite. This HCCL judgment was delivered on 30 November 2000.

1. This is the trial of an action brought by the plaintiff ("Bayer") relating to a claim on an unpaid letter of credit opened by the defendant bank ("ICBC") under which Bayer was a beneficiary. This letter of credit remains unpaid, and by this action Bayer seeks to obtain payment under the credit, together with interest on such sum.