PT ASURANSI TUGU PRATAMA INDONESIA TBK V. CITIBANK N.A.

[2023] HKCFA 25 Court of Final Appeal 18 August 2023 • FACV11/2022 • 6 min read

1 cases cited (0 SG, 1 foreign)

Practice Areas

Hong Kong Court of Final Appeal Ordinance

Judges (5)

Cheung Coram Fok Coram Lam Coram Lord Sumption Coram Ribeiro Coram

Counsel (6)

Clifford Chance Firm Holman Fenwick Willan Firm Charles Sussex Counsel Appellant Jat Sew-Tong Counsel Respondent John Hui Counsel Respondent Tom Ng Counsel Appellant

Parties (2)

Pt Asuransi Tugu Pratama Indonesia Tbk Appellant Citibank N.A Respondent

Summary

Following the Court's substantive judgment allowing PT Asuransi Tugu Pratama Indonesia's appeal against Citibank for unauthorised bank debits, this decision addressed the rate of interest payable on the judgment sum. The Court dealt with a dispute over the applicable interest rate following the entry of judgment. The decision clarified the proper interest rate calculation.

Statutes Cited

Hong Kong Court of Final Appeal Ordinance (Cap 484)

Cases Cited (1)

HK (1)

[2018] 3 HKLRD 163

Judgment

Read the full judgment on the official Hong Kong Courts portal.

Read on HKLII

Source: HKLII ([2023] HKCFA 25)