High Court clarifies bank’s duty to customer

11 Apr 2019

In the recent case of Koh Kim Teck, Smiling Sun Limited v Credit Suisse AG, Singapore Branch [2019] SGHC 82, the Singapore High Court considered whether a bank owed any investment advisory duty to its customer in either contract or tort. It found on the facts of this case that no such duty arose. The High Court also alluded to key factors it would consider to determine whether a duty of care arises beyond the contractual duties owed by a bank to its customer. 
 
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