Lloyd's Law Reporter
ING BANK NV V INDUSTRIAL AND COMMERCIAL BANK OF CHINA LTD
[2024] HKCFI 2220, HKSAR High Court, Court of First Instance, Anthony Chan J, 23 August 2024
Banking – Forum non conveniens – Documents against payment transaction – BuyerÂ’s bank releasing documents to buyer – Stay – Clearly and distinctly more appropriate forum – ICC Uniform Rules for Collections 522
The claimant ING was a Netherlands bank and the collecting bank for the seller, T, in 30 international sales contracts for
copper cathodes. The defendant ICBC was a Mainland Chinese bank listed on the Hong Kong stock exchange which carried on business
in Hong Kong. At the material time, it maintained branches in Xi’an.