LIBYAN ARAB FOREIGN BANK v. MANUFACTURERS HANOVER TRUST CO.

[1988] 2 Lloyd's Rep. 494

QUEEN’S BENCH DIVISION(COMMERCIAL COURT)

Before Mr. Justice Hirst

Banking - Summary judgment - Plaintiffs claimed repayment of moneys in account with defendants’ London branch - Defendants alleged payment blocked by U.S. Presidential order - Whether arrangement between plaintiffs and defendants governed by New York law - Whether arrangements terminated - Whether defendants entitled to leave to defend.