LEE Ho Wah Rodyk & Davidson LLP
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Singapore - March 21 2011
In the recent decision of Lam Chi Kin David v Deutsche Bank AG  SGCA 42 ("Deutsche Bank"), the Court of Appeal held that the bank's promise of a grace period to its customer constituted a binding undertaking which varied the relevant terms of the bank's agreement with its customer.
Co-authors: WONG Cui Lian.