20 Dec 2018
XING FA (HONG KONG) IMP. & EXP. LTD v. SUNGSAN INTERNATIONAL CO., LTD
- Citation
- [2018] HKCFI 2743
- Court
- Court of First Instance
- Case number
- HCA2511/2018
The court held the applicant is a negotiating bank under the Letters of Credit per UCP 600 and there was no evidence the applicant had knowledge of fraud prior to negotiation; therefore the Fraud Exception did not apply and the interlocutory injunction should be varied to permit specified payments to the applicant; costs order nisi made in favour of applicant.