Banque de Commerce et de Placements SA, DIFC Branch & Anor v China Aviation Oil (Singapore) Corporation Ltd

Tort — Misrepresentation — Fraud and deceit — Whether honest belief in representation is to be assessed by reference to representor’s or representee’s subjective understanding of the representation; Bills of Exchange and Other Negotiable Instruments — Letter of credit transaction — Presentation of letter of indemnity — Whether representations in letter of indemnity were false — Whether representor made representations with no honest belief in their truth — Whether documents presented to issuing bank contained representations made to the issuing bank