U - UCP
25/5/17
DEUTSCHE BANK AG v CIMB BANK BERHAD [2017] EWHC 1264 (Comm)
On a proper interpretation of article 7 of the UCP, an issuing bank is entitled to require a confirming bank to provide further information to prove that payment had in fact been made. But the court should not entertain requests seeking unduly to investigate a confirming bank's payment arrangements, in the hope that something by way of a defence would turn up.