MBT Law

MBT Law refers to the legal principles established by the Malaysian Court of Appeal in the case Malayan Banking Bhd v. Ng Khim Ming. It clarifies that a bank or financial institution can be held liable for damages if its negligence or breach of duty causes loss to a customer or third party. Essentially, MBT Law emphasizes the importance of institutions acting with reasonable care to prevent harm, ensuring accountability for wrongful actions or errors that result in financial or personal injury. It underscores the balance between safeguarding customer interests and maintaining lawful banking practices.