Federal Court: Ambank (M) Berhad v Luqman Kamil Bin Mohammed Don | Banking and Financial Services Law from MLTIC

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Federal Court: Ambank (M) Berhad v Luqman Kamil Bin Mohammed Don

Banking law – Letter of credit – Contingent liability – Whether contingent liability was established when the applicant bank issued letter of credit to the supplier - Whether the trust receipt would settle liability under the letter of credit

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Source	:	Federal Court website

Date of Judgment	:	Thursday, 19 January 2012

Original Title	:	Ambank (M) Berhad v Luqman Kamil Bin Mohammed Don

Suit No	:	Rayuan Sivil No. 02( )-35-2011 (W)

Court	:	Federal Court of Malaysia

Quorum	:	Hashim Bin Dato’, HJ; Yusoff, FCJ; Mohd Ghazali Bin Mohd Yusoff, FCJ; Ahmad Haji Maarop, FCJ; (Judgment delivered by Ahmad Haji Maarop, FCJ)

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