KBC BANK v. INDUSTRIAL STEELS (U.K.) LTD.
[2001] 1 Lloyd's Rep. 370
QUEEN’S BENCH DIVISION(COMMERCIAL COURT)
Before Mr. Justice David Steel
Banking - Letter of credit - Non-compliance - Allegations of deceit - Documents rejected for non-compliance with terms of letter of credit - Allegation that statement in Beneficiary’s Certificate false - Whether defendants knew it was false or was reckless as to its truth - Whether defendants liable in damages.