Supreme Court of Canada Decision: Eurobank Ergasias S.A. v. Bombardier inc. (Financial institutions)

April 05, 2024

The Supreme Court of Canada released the following decision today 2024-04-05:

Eurobank Ergasias S.A. v. Bombardier inc., 2024 SCC 11; case number 40350 - 2024-04-05 [link to case]

Case Brief

• The Supreme Court confirms that a Canadian bank must refuse payment to the beneficiary of a letter of credit due to fraud.