BANK OF CREDIT & COMMERCE HONG KONG LTD. (IN LIQUIDATION) v. SONALI BANK

[1995] 1 Lloyd's Rep. 227

QUEEN’S BENCH DIVISION(COMMERCIAL COURT)

Before Mr. Justice Cresswell

Banking - Letter of credit - Forum-non-conveniens - Proper law - Claims under letters of credit issued by Bangladeshi bank and confirmed by Hong Kong bank - Action brought in England - Whether proper law of letters of credit Bangladeshi law - Whether Bangladeshi Courts more appropriate forum - Whether English action should be stayed. Conflict of laws - Proper law - Letter of credit - Forum-non-conveniens - Letters of credit issued by Bangladeshi bank and confirmed by Hong Kong bank - Whether proper law of letters of credit Bangladeshi law - Whether Bangladesh more appropriate forum - Whether action should be stayed.