International Commercial Transactions: Letter of Credit Distinct from Underlying Contract Arbitration Law: Proper Procedure for Seeking Interim Protection

Court of Appeal decision of 12 May 2017 in Scope Telematics International v Stoic Co Ltd and Co-operative Bank of Kenya Letters of credit are often described as “the lifeblood of international commerce.” In a 2017 decision, the Court of Appeal sitting at Nairobi reaffirmed the legal principle that a letter of credit transaction is […]

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