UKPC [1986] AC 80
Tai Hing Cotton Mill Ltd v Liu Chong Hing Bank Ltd
Type
Case
Court
UK Privy Council
Jurisdiction
Dubai International Financial Centre
Taxonomy
Financial Services & Activities, Relationship Between Banker & Customer, Financial & Business Offences
Decision date
3 Jul 1985
Catchwords
Banking – Cheque – Forgery – Duty of Customer – Extent of Customer's Duty To Bank – Customer's Employee Forging Customer's Cheques – Customer Not Checking Bank Statements or Supervising Employee's Control of Payments And Receipts – Whether Customer Under Duty to Take Reasonable Precautions in The Management of His Business to Prevent Forged Cheques Being Issued – Whether Customer Under Duty to Check Bank Statements and Notify Bank of Unauthorised Debits.
This case relates to Article 8 of DIFC Law No. 5/2005.