Profit

Corporates seek legal aid against banks

PUBLISHED ON: February 4, 2008 | Duration: 4 min, 24 sec

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The fear of mounting losses on exotic forex derivative products may now push many companies to head to the courts. Following reports of possible forex losses, many companies are scanning through the agreements signed with their banks on forex derivatives to see if these agreements are legally enforceable and if they can avoid losses on their balance sheets.
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