RIOZIM LTD v BARCLAYS BANK OF ZIMBABWE LTD 2020 (2) ZLR 505 (H)

2020 (2) ZLR p505

Citation	2020 (2) ZLR 505 (H)
Case No	Judgment No. HH-553-20
Court	High Court, Harare
Judge	Dube-Banda J
Heard	10 March 2020
Judgment	2 September 2020
Counsel	T Mpofu, for the plaintiff G Gampu, for the respondent
Case Type	Special case
Annotations

Flynote

Bank – irrevocable letter of credit – what such letter is – international payments – obligations of issuing bank – to honour letter according to its terms – failure to pay beneficiary fully in terms of instruction, resulting in plaintiff making up shortfall to beneficiary – whether plaintiff entitled to claim loss from bank

Practice and procedure – judgment – currency of payment – effect of SI 33 of 2019 – whether transaction international or domestic

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