KARL WIDENMANN v. BANQUE DE L\' INDOCHINE
- Citation
- KARL WIDENMANN v. BANQUE DE L\' INDOCHINE
- Court
- Court of First Instance
- Case number
- HCA1514/1972
The court found the Swiss Credit Bank was defendant's sub‑agent and negligent in failing to advise non‑payment, but the plaintiff's signed application contained an exemption clause broad enough to absolve the defendant from liability for acts or omissions of its correspondent/sub‑agent including negligence; accordingly defendant was not liable and its counterclaim for the outstanding debt succeeded.