Banking: Duties of Banks and Lawyers in Non-Commercial Transactions

Mondaq Business BriefingHong Kong Law Articles in English (2010)

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Banking: Duties of Banks and Lawyers in Non-Commercial Transactions

Introduction

In the Hong Kong Court of Appeal case of Wing Hang Bank Ltd v Kwok Lai Sim & Others, the security document signed by the surety/security provider in a "non-commercial" transaction was set aside, the bank's claim against the security provider was dismissed and judgment was ent...

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