12 Jul 1999
GLENCORE INTERNATIONAL A.G. v. KEEN LLOYD (HOLDINGS) LTD.
- Citation
- GLENCORE INTERNATIONAL A.G. v. KEEN LLOYD (HOLDINGS) LTD.
- Court
- Court of First Instance
- Case number
- HCCL177/1998
The court held Glencore was entitled to judgment against Bright China for US$336,251.84 with interest; Glencore was not entitled to exercise a statutory unpaid-seller lien over the 250 bundles because property and/or effective negotiation of documents had passed (ANZ Bank had negotiated drafts and received documents and the buyer/issuing bank had rights), therefore Keen Lloyd was entitled to the sale proceeds in Court and an additional sum; Keen Lloyd breached the July contract (the alleged oral reallocations were not proved and Mr Liang lacked authority) and is liable to Glencore in damages…