Power Curber International Ltd. v. National Bank of Kuwait S.A.K. - Court of Appeal (Lord Denning M.R., Griffith L.J. and Waterhouse J.) - 3 July 1981

Letter of credit - Payments under credit frozen by foreign court - Whether payees entitled to summary judgment - Whether order of foreign court should be recognised

The plaintiffs were American sellers who exported goods from the U.S.A. to buyers in Kuwait. 75% of the price - amounting to $75,794.46 - was to be paid by letter of credit issued by the defendant Bank. The letter of credit as issued was an irrevocable but unconfirmed credit stipulating payment against documents in North Carolina.