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

[2023] HKCFA 3 Court of Final Appeal 6 February 2023 • FACV11/2022 • 28 min read
11 cases cited (0 SG, 11 foreign)

Practice Areas

Limitation 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 (3)

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

Summary

PT Asuransi Tugu Pratama Indonesia appealed against Citibank for the recovery of approximately US$13 million in unauthorised debits from its accounts in the 1990s. The Court of Final Appeal considered the proper approach to a bank's liability for unauthorised transactions and the applicable limitation period. The appeal was allowed and judgment was entered for the appellant.

Statutes Cited

Limitation Ordinance (Cap 347)

Cases Cited (11)

UK (10)
[1921] 3 KB 110 [1962] AC 413 [1968] 1 WLR 1555 [1986] 2 All ER 488 [1989] 1 WLR 1340 [1992] 4 All ER 363 [2000] QB 917 [2020] 2 All ER 294 [2020] AC 1189 [2022] UKPC 48
HK (1)
(2010) 13 HKCFAR 479

Judgment

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

Read on HKLII

Source: HKLII ([2023] HKCFA 3)