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WUHAN GUOYU LOGISTICS GROUP CO LTD AND ANOTHER v EMPORIKI BANK OF GREECE SA

Building Law Reports

WUHAN GUOYU LOGISTICS GROUP CO LTD AND ANOTHER v EMPORIKI BANK OF GREECE SA

[2014] BLR 119

COURT OF APPEAL((CIVIL DIVISION))

Before Lord Justice LONGMORE,Lord Justice RIMER,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

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