Injunctions against Swiss banks issuing Letters of Credit
On 29 May 2020, the Commercial Court of the Canton of Zurich (the “Zurich Commercial Court“) rendered an interesting judgment that illustrates how difficult it is to have Zurich courts issue payment interdictions against banks domiciled in this city, which have issued a bank guarantee or, as in the case in question, a letter of credit.
Rechtsgebiete: Bank- und Finanzmarktrecht
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