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 …
