How seriously should bystanders treat the defamation complaint by CDO manager Wing Chau against the author Michael Lewis? Leave aside the fact that under the UK libel system, Chau would probably take Lewis to the cleaners, and ask the question according to the standards of the land of free speech. The butt of 'Spider-man at…
Continue reading..On 28 September 2009, a significant development occurred in the post-credit crunch legal reckoning. After eighteen months of transatlantic legal wrangling, Germany's HSH Nordbank was given the green light by a New York judge to proceed to trial in its case against Swiss giant UBS over what it alleges was a mis-sold collateralised debt obligation…
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