Letters of credit: location of debt | Practical Law
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The Court of Appeal has confirmed that a debt due under a letter of credit is located where payment is to be made and not where the debtor resides.
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Letters of credit: location of debt
Practical Law UK Articles 9-619-6954
(Approx. 2 pages)
Letters of credit: location of debt
by Freshfields Bruckhaus Deringer LLP
Related Content
Published on 29 Oct 2015
•
United Kingdom
The Court of Appeal has confirmed that a debt due under a letter of credit is located where payment is to be made and not where the debtor resides.