On 25 October 2017 the Supreme Court handed down judgment in Taurus v SOMO, allowing Taurus’ appeal. Amongst other matters, the Court unanimously overruled earlier Court of Appeal authority on the situs of debts arising under letters of credit.
The full judgment can be read here: https://www.supremecourt.uk/cases/docs/uksc-2015-0199-judgment.pdf
A summary is available at https://www.supremecourt.uk/cases/docs/uksc-2015-0199-press-summary.pdf
Gordon Pollock QC (leading Guy Blackwood QC, Quadrant Chambers) acted for the appellant, Taurus, instructed by Holman Fenwick Willan (Jeremy Davies/Sarah Hunt).
Graham Dunning QC (leading Dan Sarooshi and Siddharth Dhar) acted for the Respondent, SOMO, instructed by Vinson & Elkins LLP (Jim Loftis/John Zadkovich).
Gordon Pollock QC‘s appearance for the successful appellant was his 32nd appearance in the House of Lords and Supreme Court.
