Read the full judgment text of HCCL 1/2007 on BabelCite. This HCCL judgment was delivered on 12 October 2018.
1. This is an action by the Plaintiff, an Indonesian company, against the Defendant bank in respect of 26 payments, totalling about US$51.64 million, out of its account held with the Defendant’s Hong Kong branch back in 1994 to 1998. It is the Plaintiff’s case that the account was opened and operated by its rogue directors, and the Defendant had failed to exercise the care owed to its in paying out the money.
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