Foreign currency loans - case against ANZ

[Marty McDonald]

Just found this, didn't read the whole ruling but interesting to skim...


http://www.lawnet.com.sg/legal/ln2/...ml?utm_source=rss subscription&utm_medium=rss

 

[Sunfish]

This looked as if it was going to revisit the "Gnome Loan affair" of the 70s but is post GFC.

Too hard for me to read much of it but clearly he was a sophisticated investor so no surprise his case was dismissed.

 

[Marty McDonald]

This looked as if it was going to revisit the "Gnome Loan affair" of the 70s but is post GFC.

Too hard for me to read much of it but clearly he was a sophisticated investor so no surprise his case was dismissed.

That was my reading as well and a lawyer to boot.