Published online by Cambridge University Press: 27 February 2017
1 The decision of the English Court of Appeal in this case is reported in [1981] 3 W.L.R. 242. For a discussion of this decision, see 76 AJIL 627 (1982).
2 United City Merchants (Investments) Ltd., to whom the Sellers transferred the credit as security for advances, appeared as coplaintiff.
3 [1982] 2 W.L.R. 1039, 1045.
4 Id. at 1047.
5 Id. at 1050. At the time of these transactions, both England and Peru were signatories to the Bretton Woods Agreement.