THE SOCIETY OF LLOYD’S v. CANADIAN IMPERIAL BANK OF COMMERCE AND OTHERS
[1993] 2 Lloyd's Rep. 579
QUEEN’S BENCH DIVISION(COMMERCIAL COURT)
Before Mr. Justice Saville
Banking - Letter of credit - Allegations of fraud - Plaintiffs claimed as beneficiary - Defendants pleaded that material relied on amounted to notice to a reasonable banker of fraud by beneficiary or would lead a reasonable banker to infer fraud - Whether pleading a defence to plaintiffs’ claim.