The court declined to enforce a security founded on an illegal contract.
 1 WLR 1393
England and Wales
Cited – Mahonia Limited v JP Morgan Chase Bankwest Lb Ag QBD 3-Aug-2004
The Claimant claimed on a letter of credit issued by the Defendant on behalf of Enron Ltd, who asserted it was not liable to pay there having been unlawful behaviour by Enron Ltd. Swap agreements had been entered into, and the defendant said the . .
 EWHC 1938 (Comm)
These lists may be incomplete.
Updated: 15 December 2020; Ref: scu.200485