Read the full judgment text of HCA 012469/1982 on BabelCite. This High Court CFI judgment.
1. The facts in both appeals are substantially the same, and I do not propose to analyse them separately. Suffice it for me to say that in each case the plaintiff bank was the negotiating or accepting bank in a letter of credit transaction. The plaintiff and the defendant are the same entities in both appeals. The plaintiff is a bank incorporated in Taiwan. The defendant is a finance institution incorporated in Hong Kong. In both cases, the defendant issued an irrevocable documentary letter of