WUHAN GUOYU LOGISTICS GROUP CO LTD AND ANOTHER v EMPORIKI BANK OF GREECE SA
[2014] BLR Plus 8
COURT OF APPEAL (CIVIL DIVISION)
Before Lord Justice Longmore, Lord Justice Rimer, and Lord Justice Tomlinson
On demand guarantee - Payment by bank under the guarantee to beneficiary of guarantee - Whether beneficiary holds the monies on trust for the bank