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England and Wales High Court (Commercial Court) Decisions |
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You are here: BAILII >> Databases >> England and Wales High Court (Commercial Court) Decisions >> Deutsche Bank AG, London Branch v CIMB Bank Berhad [2017] EWHC 81 (Comm) (25 January 2017) URL: https://www.bailii.org/ew/cases/EWHC/Comm/2017/81.html Cite as: [2017] EWHC 81 (Comm) |
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QUEEN'S BENCH DIVISION
COMMERCIAL COURT
Rolls Buildin, 7 Rolls Buildings Fetter Lane, London E4CA 1NL |
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B e f o r e :
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DEUTSCHE BANK AG, LONDON BRANCH |
Claimant/ Respondent |
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- and - |
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CIMB BANK BERHAD |
Defendant/ Applicant |
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Andrew Fletcher QC (instructed by Holman Fenwick Willan LLP) for the Defendant/Applicant
Hearing date: 13 January 2017
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Crown Copyright ©
Mr. Justice Teare :
"As a separate and independent obligation, the relevant Obligor, shall fully indemnify the Bank from and against any expense, loss, damage or liability (as to the amount of which certificate from the Bank shall, in the absence of manifest error, be conclusive) which the Bank may incur or suffer .by issuing or establishing a L/C at an Obligor's request or otherwise in connection with the Facilities ."
Duplicate proceedings and risk of inconsistent decisions
The location of the evidence relating to the fraud allegation
Conclusion