SETTEBELLO LTD. v. BANCO TOTTA & ACORES

[1985] 2 Lloyd's Rep. 448

COURT OF APPEAL

Before Sir John Donaldson, M.R., Lord Justice Neill and Sir John Megaw

Practice - Banking - Letters of request - Shipbuilding contract - Portuguese bankers - guaranteed repayment of instalments - Decree-law suspended right of cancellation - Bank denied liability for repayment - Allegation that Portuguese state had abused its legislative powers - Whether application for letters of request should be granted.