Britten Norman Ltd (In Liquidation) v State Ownership Fund of Romania and Another: ChD 27 Jul 2000

A letter of guarantee specified no place of payment. The debtor’s obligation to seek out the creditor had no relevance in this situation, and the stipulation of an account in Romania for the payment was merely administrative. The obligation to pay crystallised only when the demand was made in accordance with the contract, and the place for payment was the place where the demand was made.


Gazette 27-Jul-2000, Times 03-Aug-2000


England and Wales

International, Arbitration

Updated: 10 May 2022; Ref: scu.78658