A 33-year-old dispute between Standard Chartered Bank (StanChart) and a former customer will now be determined by the Supreme Court after the lender was given the nod by the Court of Appeal.
The bank was allowed to escalate the matter to the apex court on grounds that a judgment in December 2022 by the Court of Appeal, stating that new loans should be secured by registration of fresh securities, created confusion on how lenders should discharge collateral used to obtain a loan.
