HABIB BANK LTD v CENTRAL BANK OF SUDAN

[2006] 2 Lloyd's Rep. 412

QUEEN’S BENCH DIVISION (COMMERCIAL COURT)

Before Mr Justice Field

Banking - Letters of credit - Payment made under letters of credit by issuing bank - Failure by confirming bank to provide indemnity - Jurisdiction of English court - Service outside the jurisdiction - Whether service valid - Whether agreement governed by English law - CPR Parts 6.20 and 6.24 - Whether claim time barred - Whether debt acknowledged - Limitation Act 1980, sections 5 and 29 - Rate of interest.