The Standard HK: Tribunal takes on Lehman
Southern District Councillor Andrew Fung Wai-kwong and 10 investors in the failed Lehman-related derivatives yesterday filed complaints at the Small Claims Tribunal.
The investors, aged between 45 and 70, had bought the derivatives from DBS (Hong Kong), Bank of China (Hong Kong), Bank of Communications, Bank of East Asia, Wing Hang Bank and Nanyang Commercial Bank.
Fung said the Democratic Party, of which he is a member, has received around 8,000 complaints, with the highest investment being HK$100 million.
So far, 150 cases involving sums ranging from HK$40,000 to HK$80,000 are being handled by the Small Claims Tribunal, while a further 50 are slated for mediation.
|aus der Diskussion:||Lehman Brothers Chapter 11 -> Auswirkung(en) auf deren Zertifikate|
|Autor (Datum des Eintrages):||manyfulddick (02.12.08 21:47:39)|
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