Translink Limited v Standard Chartered Bank Uganda Limited (Civil Suit 415 of 2019)
Observed later treatment
No later-treatment classification is recorded for this judgment.
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Holding
The court held that a bank is not liable for negligence or breach of contract when it executes a customer's online payment instruction within one minute and receives a countermand instruction 51 minutes later, after payment has been completed. Once payment is effected and funds are no longer within the bank's control, the bank has no duty to reverse the transaction. The plaintiff's claim failed as the bank acted with reasonable care and fulfilled its obligations.
Outcome
Plaintiff's claim dismissed with costs to the Defendant
Facts
Translink Limited's Chief Financial Officer initiated an online payment of USD 13,675 to Nanjin Chuangwei Household Electron-Halifax Bank, UK at 3:08 pm on 25 October 2018. The payment was processed through Standard Chartered Bank's correspondent bank in New York within 30 seconds and completed by 3:09 pm. At 3:59 pm, 51 minutes after initiation, the Plaintiff's CFO requested the bank to recall the payment, having discovered he had approved payment to the wrong person (someone in the UK rather than the intended recipient in China). The bank sent a recall message to its correspondent bank and the beneficiary bank but could not reverse the transaction as the funds had already been credited to the beneficiary's account. The Plaintiff sued for negligence and breach of contract, seeking recovery of USD 13,675.
Issues
- Whether the Defendant is liable for negligence?
- Whether the Defendant is in the alternative liable for breach of contract?
- Whether the Defendant is liable for breach of the banker-customer obligations?
- Whether there are any remedies available to the parties?
Orders
- It is hereby declared that the Plaintiff has no cause of action against the Defendant.
- It is hereby declared that the Defendant is not liable for negligence, breach of contract or breach of banker-customer obligations.
- The Plaintiff is hereby ordered to pay the Defendant's costs in this suit.
Rules and key headnotes
Legislation cited (2)
- Evidence Act Cap.6 s.101(1)
- Contracts Act 2010 s.10(1)
Cases cited (7)
- Nabwami Grace v Attorney General (Civil Suit No. 293 of 2015)
- Makua Nairuba Mabel v Crane Bank Limited (Civil Suit No. 380 of 2009)
- Jessica Kakooza v Ecobank Uganda Limited (Civil Suit No. 44 of 2014)
- Lloyds Bank Ltd v E.B. Savory & Co [1933] AC 201
- Save Trading CC and Ors v The Standard Bank of SA Ltd (21/2003) [2004] ZASCA 1
- Future Stars Investments (U) Limited v Nasuru Yusuf (Civil Suit No. 0012 of 2017)
- Nakawa Trading Co. Ltd v Coffee Marketing Board (HCCS No. 137 of 1991)
Full judgment
The original judgment as reported. Read the original PDF before relying on any passage.