Payment by Letter of Credit and the 'Fraud Exception'
18th August 2017
We review in what circumstances it is possible to prevent payment by a bank under a letter of credit in an international trade context, in light of the restrictive approach taken by the English Court.
Arbitration Firm of the Year 2017 - London, UK
“[Iyer is] an extraordinarily fine lawyer with the full portfolio of skills, from negotiating contracts to claims, disputes and arbitrations - he’s the whole package!”
“Iyer has a deep understanding of international markets and an impressive track record in arbitration and commercial disputes”
“Andrew Iyer continues to glean high praise from clients”
Client Choice winner 'Shipping & Trade Firm of the Year in England 2018'.
“[Iyer is] one of the most experienced energy lawyers that I have come across. His energy practice has a unique offshore flavour which suits our requirements”
Commercial Lawyer of the Year 2018: Andrew Iyer
Boutique Commodities firm of the Year in England 2017
Energy & Natural Resources Law Expert of the Year in England 2020
Leading Arbitration Specialist of the Year, UK 2018
Winner of the International Law Office 'Client Choice Award for Energy & Natural Resources UK'
“an extraordinarily fine lawyer with the full portfolio of skills, from negotiating contracts to claims, disputes and arbitrations - he’s the whole package!”
Energy Law Lawyer of the Year in England 2018: Andrew Iyer
Shipping & Trade Firm of the Year in England 2019 & 2020
Arbitration Law within England, Winner 2019 & 2020
“Sharp, to the point and efficient. [Iyer] responds with electrifying speed and is always contactable”
“[Iyer] is very cost effective, efficient and proactive - he takes the initiative in speeding up recalcitrant opponent lawyers to the negotiating table”
“[Iyer] has the experience to instantly recognise the problems being encountered and the professional expertise to always provide sound, concise and, most importantly, clear legal advice”
Let us know if you think we can help... +44 (0)207 1773371