Lloyd's Law Reports

Professor Robert Merkin KC; Dr Johanna Hjalmarsson

Document

IBRAHIM v BARCLAYS BANK PLC AND ANOTHER

[2012] 2 Lloyd's Rep. 13

COURT OF APPEAL

Before Lord Justice Rimer, Lord Justice McFarlane and Lord Justice Lewison

Subrogation — Whether payment made under letter of credit discharged debt due by debtor to creditor — Whether person providing indemnity to issuer of letter of credit was subrogated to creditor’s claim — Whether effective assignment of rights.

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