Swiss private bank Julius Baer has concluded a court case in Singapore filed by two former clients for alleged damages and losses incurred by the bank resulting from share accumulator transactions in 2007 and 2008.
The plaintiffs made an underlying claim amounting to about SGD94m and HKD186m, which was contested by Julius Baer.
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Julius Baer in a press statement said that the case has been dismissed with costs by the High Court of Singapore by consent.
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