Go Dante Yap v Bank Austria Creditanstalt AG

A bank owes its customer an implied contractual duty to exercise reasonable care and skill in carrying out its part of the banking transaction, and a concurrent and co-extensive tortious duty of care of the same scope arises (analysed under the two-stage Spandeck test) absent contrary policy considerations, the precise content of the duty being shaped by the particular services the bank has undertaken to provide.