Duty of Care for Banks — Extended: An Update

A bank is where customers deposit their money for safekeeping. As such, a bank, since its inception has always been regarded as a guardian of its customers’ monies. It therefore is quite natural that a bank owes a duty of care towards its customers. Accordingly, in performing its duties, a bank ought to exercise reasonable care and skill as such. However, recent developments in Malaysian jurisprudence have resulted in a limitation of this duty of care to customers only.

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Duty of Care for Banks — Extended

Written by Darren Lai and Nurul Athirah Ja’afar Introduction  A bank is where customers deposit their money for safekeeping. As such, a bank, since its inception has always been regarded as a guardian of its…

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The Importance of a Statement of Account

Written by Darren Lai, Nurul Athirah Ja’afar & Roshaan Ramu Introduction  For any genre of business, it is a norm to always keep track of and record all the transactions made with the buyers. Particularly,…

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An End to Unregulated Buy Now Pay Later Schemes?

Written by Richard Wee and Roshaan Ramu Introduction and Background Buy Now Pay Later (“BNPL”) services are known to be a rapidly growing industry, however, it has been unregulated all this while. This category of service has…

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ESG in a Nutshell

Written by Darren Lai and Fatin Ismail Introduction With sustainable development, diversity and human rights at the forefront in recent days, the business community is rapidly ensuring that their respective businesses accordingly follow suit. Hence,…

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ALB MLA Law Awards 2021 Finalist Badge - Richard Wee Chambers

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