Taurus Petroleum v. SOMO [2017] UKSC 64
The Supreme Court has recently issued judgment in this matter concerning an attempt to enforce an arbitration award in London by obtaining a third party debt order over sums payable to the debtor under letters of credit issued by a London bank in respect of unrelated transactions.
United Kingdom, Arbitration & ADR, Company & Commercial, Insolvency & Restructuring, Litigation, Trade & Customs, Ince, Letter of credit, Arbitration award, Debt, UK Supreme Court