n SA Mercantile Law Journal = SA Tydskrif vir Handelsreg - Electronic fund transfers and the bank's right to reverse a credit transfer : one big step (backwards) for banking law, one huge leap (forward) for potential fraud : Pestana v Nedbank (act one, scene two) : case comments

Abstract

It has been argued that to a large extent any research on the legal principles underlying electronic credit transfers is no more than an exercise 'in search of law where little is to be found at present' (see Melanie L Fein Law of Electronic Banking (2000) at xxi). Today this still holds true for South African banking lawyers. For this reason any new case law dealing with credit transfers (or electronic transfers, for that matter) is to be welcomed as it would hopefully not only contribute to our understanding of the topic, but also provides the opportunity for comment and reflection.