LITASCO SA V BANQUE EL AMANA SA

[2025] EWHC 312 (Comm), King's Bench Division, Commercial Court, Louise Hutton KC, sitting as a High Court Deputy Judge, 14 February 2025

Contract – Letter of credit – Illegality in place of performance – Whether court order constituted illegality – Place of performance

Litasco, a Swiss petroleum company, sought summary judgment against BEA under a letter of credit as security for loans by Litasco to SKI, a company operating in the hydrocarbon sector in Mauritania and West Africa.