A private bank does not owe an advisory duty of care beyond its contractual obligations to a sophisticated investor absent assumption of responsibility.
banking
A bank owes a duty of care to guarantors to take reasonable steps to ensure they understand the nature and effect of the guarantee under the Code of Banking Practice.
CBA liable for systemic AML/CTF Act contraventions including failure to report suspicious matters and threshold transactions via intelligent deposit machines, resulting in $700 million civil penalty.
Full Federal Court held that bank late payment fees were not penalties or unconscionable under consumer protection law as they bore a genuine pre-estimate of loss or legitimate commercial interest.
Get a detailed analysis of Chang Pui Yin v Bank of Singapore Ltd and how it applies to your situation.
Explain Chang Pui Yin v Bank of Singap...