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High Court Wellington
27 July; 19 September 2000
McGechan J
27 July; 19 September 2000
McGechan J
Injunction — Mareva injunction — Whether jurisdiction to grant Mareva injunction when no jurisdiction over substantive dispute — Whether drawing down on irrevocable letter of credit constituted dissipation of assets.
Commercial law — Banking — Letters of credit — When Court would grant injunction preventing bank paying out on letter of credit.