On the evening of 26 March 2014 (which was 3 days after the funeral of his mother who was killed tragically), the Plaintiff, who was then 29 years old, signed a declaration of trust (“DOT”), which purported to constitute him and his wife (the 2nd Defendant) as joint trustees of all his assets for the sole benefit of their infant son (the 1st Defendant). Pf then sought to set aside the DOT, which had been drafted and presented to him by the 2nd Defendant. Before the 2nd Defendant stopped working in 2012, she had been a practising lawyer for four years before spending two years in the banking industry.

Singapore High Court construes "good faith" in banking standard terms in the context of unauthorised fund transfers, finds that circumstances were not sufficient to put a reasonable banker on suspicion regarding unauthorised transfers, and finds on reasonableness of exclusion clauses under the unfair contract terms act.