Teo Yi Ting

Nov 9, 2023 | lexology.com | Liew Kai Zee |David Lee |Teo Yi Ting

Banks usually retain certain contractual discretions in banking documents. However, they are generally not unfettered, even with absolute discretion. Banks would generally still have to act in good faith and not arbitrarily, capriciously or irrationally. IntroductionWe update our previous article on this topic following the latest Singapore High Court case of Maybank Singapore Ltd v Synergy Global Resources Pte Ltd [2023] SGHC 258 (Synergy).