Read the full judgment text of CACV 000161/2004 on BabelCite. This Court of Appeal judgment was delivered on 24 November 2005.
1. By this action, which was commenced in 1997, the plaintiff claimed against the defendant bank on an irrevocable standby letter of credit (“LC”) which was issued by the Hong Kong branch of the defendant on 8 February 1995, as security for the price of porcelain sanitary products to be supplied by the plaintiff to Siu Fung Ceramics Holdings Ltd, a Hong Kong company now in liquidation, pursuant to a sales agreement dated 14 October 1994.
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