TAURUS PETROLEUM LTD v STATE OIL MARKETING COMPANY OF THE MINISTRY OF OIL, REPUBLIC OF IRAQ
 1 Lloyd's Rep. 42
COURT OF APPEAL
Before Lord Justice Moore-Bick,Lord Justice Sullivan,Lord Justice Briggs
Conflict of laws – Third party debt order – Situs of debt due under letter of credit – Whether court had jurisdiction to make order – Whether court entitled to make receivership order in respect of debt – Whether debt created by letter of credit became property of Iraqi state bank – Whether debt immune from execution – State Immunity Act 1978, section 14(4).