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Lloyd's Law Reports

EXPORT CREDITS GUARANTEE DEPARTMENT v. UNIVERSAL OIL PRODUCTS CO. PROCON INC. AND PROCON (GREAT BRITAIN) LTD.

[1983] 2 Lloyd's Rep. 152

HOUSE OF LORDS

Before Lord Diplock, Lord Elwyn-Jones, Lord Keith of Kinkel, Lord Roskill and Lord Brightman

Banking - Guarantee - Promissory notes - Companies went into liquidation - Promissory notes dishonoured - Banks reimbursed by E.C.G.D. under guarantees - Whether E.C.G.D. entitled to be reimbursed by defendants.

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