Asia Disputes Notes
Tag: customer funds
Showing 2 out of 2 results
18 July 2023
UK Supreme Court clarifies the scope of Quincecare duty for financial institutions executing customer payments
Earlier this month, the UK Supreme Court in Philipp v Barclays Bank UK plc [2023] UKSC 25 addressed the scope of the Quincecare duty in the context of an …
03 April 2023
HONG KONG COURT OF FINAL APPEAL CLARIFIES A BANK'S LIABILITY FOR TRANSFERRING CUSTOMER FUNDS IN BREACH OF ITS QUINCECARE DUTY OF CARE BEFORE UNAUTHORISED CLOSURE OF THE ACCOUNT
In PT Asuransi Tugu Pratama Indonesia TBK (formerly known as PT Tugu Pratama Indonesia) v Citibank N.A. [2023] HKCFA 3, the Hong Kong Court of Final …