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Lloyd's Law Reports

GULF BANK K.S.C. v. MITSUBISHI HEAVY INDUSTRIES LTD. (No. 2)

[1994] 2 Lloyd's Rep. 145

COURT OF APPEAL

Before Sir Thomas Bingham, M.R., Lord Justice Beldam and Lord Justice Saville

Banking - Guarantee - Indemnity - Advance payment guarantee and counter indemnity issued in respect of supply of plant to Kuwait Ministry - Negotiations for resumption of contract after Iraq evicted from Kuwait failed - Whether defendants liable to indemnify bank for payments made by bank under payment guarantee.

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