Singularis Holdings Limited (in liquidation) v Daiwa Capital Markets Europe Limited

Singularis Holdings Limited (in liquidation) v Daiwa Capital Markets Europe Limited [2019] UKSC 50 is a judicial decision of Supreme Court of the United Kingdom relating to the duties owed by a bank where a person acting on behalf of a corporate customer of the bank directs the bank to transfer money out of the company's account as part of a fraudulent scheme. Practical Law reported that this is the first decision where a bank in the United Kingdom had ever been held to be liable for breaching their duty to scrutinise customer transactions for possible fraud.

Singularis Holdings Limited (in liquidation) v Daiwa Capital Markets Europe Limited

Singularis Holdings Limited (in liquidation) v Daiwa Capital Markets Europe Limited [2019] UKSC 50 is a judicial decision of Supreme Court of the United Kingdom relating to the duties owed by a bank where a person acting on behalf of a corporate customer of the bank directs the bank to transfer money out of the company's account as part of a fraudulent scheme. Practical Law reported that this is the first decision where a bank in the United Kingdom had ever been held to be liable for breaching their duty to scrutinise customer transactions for possible fraud.