Singapore court judgment on sanctions clause in letter of credit – bank’s refusal to pay was “rational” but not “contractually justified”

4 October 2023

Singapore court judgment on sanctions clause in letter of credit – bank’s refusal to pay was “rational” but not “contractually justified”

The Singapore Court of Appeal (the upper division of the Supreme Court) has given judgment (summary) for Kuvera Resources (a coal trader) holding that JPMorgan could not rely upon the sanctions clause in a...

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Maya Lester KC is a senior barrister (King’s Counsel) at Brick Court Chambers with a wide-ranging practice in public law, European law, competition law, international law, human rights & civil liberties. She has a particular expertise in sanctions...

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