PropertyEU

High Court rejects UBS counterclaim against HSH Nordbank

By A staff reporter 2008-07-08T00:00:00

London's High Court of Justice has rejected UBS's counterclaim against HSH Nordbank in relation to losses suffered on the North Street 2002-4 Collateralized Debt Obligations (CDOs). HSH Nordbank launched a $500mln claim against UBS in February this year, making the Swiss bank the first financial institution to be sued by ...

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