Mayer Brown client UBS loses complex derivatives case in High Court
The High Court has today thrown out claims brought by UBS against a German water company over $340m of complex derivatives issued by the bank which defaulted during the financial crisis. Following a 14-week hearing, Mr Justice Males dismissed UBS’s claims against Addleshaw Goddard client Kommunale Wasserwerke Leipzig (KWL). However he reserved criticism for KWL […]