Banking Law – the Duty to Warn

This update will provide you with:

• An overview of the prevailing law on banks’ duties to their business and individual clients
• A discussion of a recent BC Court of Appeal decision, Zheng v. Bank of China (Canada) Vancouver Richmond Branch, 2023 BCCA 43, involving the question of a bank’s duty to warn its customers of a potentially fraudulent transaction.
• A summary of the Supreme Court of Canada’s recent rulings on the overarching duty of good faith and honesty in contractual performance
• Insight into how the duty of good faith might (or should) inform an expansion of the duties banks owe to their customers, including the duty to warn

Speakers: Dan Chitiz, LLB and Alastair McNish, LLB of CP LLP