[2023] HKCFA 25, PT ASURANSI TUGU PRATAMA INDONESIA TBK V. CITIBANK N.A. - Judgment, Outcome & Holding

Practice Areas

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 (2)

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

Summary

Following the Court's substantive judgment allowing PT Asuransi Tugu Pratama Indonesia's appeal against Citibank for unauthorised bank debits, this decision addressed the rate of interest payable on the judgment sum. The Court dealt with a dispute over the applicable interest rate following the entry of judgment. The decision clarified the proper interest rate calculation.

Statutes Cited

Hong Kong Court of Final Appeal Ordinance (Cap 484)

Cases Cited (1)

HK (1)

[2018] 3 HKLRD 163

Cited By (2)

[2024] HKCFI 1650

CHAN WAI HON ALAN AND ANOTHER V. CHAN YUK FOEBE (and 1 other)

[2024] HKDC 875

HONGKONG WINDMODE SPORTS EQUIPMENT CO LTD V. HK HAOLONG INDUSTRIAL LTD

Citation influence

HKLII records this judgment as cited by 4 later judgments. This counts every later Hong Kong judgment that references this case, which is broader than the resolved citations listed above.

[2024] HKDC 875 District Court

12 June 2024

[2025] HKCFI 4992 Court of First Instance

24 October 2025

[2024] HKCFI 1650 Court of First Instance

13 September 2024

[2024] HKDC 779 District Court

17 May 2024