Briefings

Hong Kong: Fraudulent Bank Transactions - Hong Kong Court Of Final Appeal Examines Customer Remedies And Bankers' Duty Of Care

The Hong Kong Court of Final Appeal has handed down the appeal judgment in PT Asuransi Tugu Pratama Indonesia Tbk, a decision of significant interest to banks, financial institutions and their customers, which discusses the remedies available under Hong Kong law when unauthorised payments are discovered, including the nature and scope of bankers' duty of care, the availability of a claim for repayment of a debt, and limitation.

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