St George Bank Limited ACN 005 513 070 (Formerly Advance Bank Australia Limited ACN 002 953 335) v Heinz Salzberger and Norma Salzberger [2001] NSWCA 67

New South Wales Court of Appeal

CITATION : St George Bank Limited ACN 005 513 070 (Formerly Advance Bank Australia Limited ACN 002 953 335) v Heinz Salzberger and Norma Salzberger [2001] NSWCA 67 FILE NUMBER(S) : CA 40023/00 HEARING DATE(S) : 20 March 2001 JUDGMENT DATE : 30 March 2001

PARTIES : St George Bank Limited (Appellant) Heinz Salzberger and Norma Salzberger (Respondents) JUDGMENT OF : Sheller JA at 1; Stein JA at 2; Heydon JA at 21

LOWER COURT JURISDICTION : District Court LOWER COURT 9829/97 FILE NUMBER(S) : LOWER COURT Dent DCJ JUDICIAL OFFICER :

COUNSEL : F Donohoe (Appellant) R Newlinds (Respondents) SOLICITORS : Laurence & Laurence (Appellant) Hegarty & Elmgreen (Respondents) CATCHWORDS : PROCEDURE - application for leave to appeal - issues of general importance - leave granted on such basis - issues not raised by appeal - CONTRACT LAW - documentary letters of credit - Uniform Customs and Practice of Documentary Letters of Credit - discrepancy within documents - EQUITY - restitution - ND Friedlander v The Bank of Australasia (1909) 8 CLR 85 (considered) Referred to: Royal Bank of Scotland plc v Cassa di Risparmio delle Provincie Lombarde [1992] 1 Bank LR 251 Hamzeh Malas & Sons v British Imex Industries Ltd [1958] 2 QB 127 Gian Singh & Co Ltd v Banque de L'Indochine [1974] 2 All ER 754 Equitable Trust Co of New York v Dawson Partners Ltd (1927) 27 Lloyds Rep 49 CASES CITED: The English and Australian Bank Ltd v Bank of South Africa (1922) 13 Lloyds Rep 21 Banco National Ultramarino v First National Bank of Boston (1923) 289 F 169 Banque de L'Indonchine et de Suez SA v JH Rayner (Mincing Lane) Ltd [1983] 1 QB 711 Commercial Banking Co of Sydney v Jalsard Pty Ltd [1973] AC 279 Glencore v Bank of China [1996] 1 Lloyds Rep 125 Bank Melli Iran v Barclays Bank [1951] Lloyds Rep 367 Pavey & Mathews Pty Ltd v Paul (1987) 162 CLR 221 DECISION : 1. Leave to appeal revoked. 2. Appellant to pay respondents costs of the leave application and the appeal.