atans1

Justice in US?

In Uncategorized on 04/04/2013 at 6:57 am

(This posting went AWOL for a few weeks).

Interesting that a true blue S’porean co has to go to the US to seek damages for something done to it in S’pore.

Justice Belinda Ang Saw Ean dismissed an application by the US investment bank to make permanent an interim injunction that it had secured against Hong Leong Finance … the Singapore company can proceed with its lawsuit to claw back from Morgan Stanley more than US$32 million paid out to compensate Pinnacle Notes investors.

BT understands that the investment bank has appealed the High Court’s decision and applied for the appeal to be heard on an expedited basis. Excerpt from BT

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