8 Sept 1987
FIVAL INVESTMENT CO LTD v. BANK OF CREDIT AND COMMERCE HONG KONG LTD AND ANOTHER
- Citation
- FIVAL INVESTMENT CO LTD v. BANK OF CREDIT AND COMMERCE HONG KONG LTD AND ANOTHER
- Court
- Court of First Instance
- Case number
- HCCL68/1987
The injunction was discharged because there was no clear and cogent evidence that the 2nd Defendant bank participated in or knowingly facilitated the fraud; the court will not restrain payment under a Letter of Credit absent compelling proof of fraud and there was no established cause of action against the issuing bank sufficient to justify the injunction in the form granted.