Singapore court ends dispute over Indonesia share sale

Article Abstract:

The Singapore High Court has ruled that Deutsche Bank AG must pay a nominal penalty of $664 to Beckkett Pte. Ltd., a Singapore investment holding firm, as the German bank did not discharge its pledged duties. However, the court dismissed Beckkett's claim that Deutsche Bank conspired to sell Beckkett's 40% holding in PT Adaro Indonesia.

Singapore, Offices of Bank Holding Companies, Bank holding companies, Investment Holding Companies, Breach of contract, Conspiracy

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Deutsche Bank, Enron settle

Article Abstract:

Deutsche Bank AG has agreed to settle charges brought by energy firm Enron Corp. alleging that the bank, with other financial institutions, helped cause Enron's collapse in 2001. Deutsche Bank will pay $25 mil, and will also forgo a claim for $416 mil filed in the Enron bankruptcy case.

Natural gas transmission, United States, Gas transmission industry, Enron Corp., ENRNQ

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HSH, Barclays discuss accord to settle suit over derivatives

Article Abstract:

Germany's HSH Nordbank AG is in talks with the United Kingdom's Barclays Bank PLC in an attempt to avoid a court case. HSH Nordbank AG alleges the bank was deceived in a derivatives trade costing HSH Nordbank AG $150 million.

United Kingdom, Germany, Barclays Bank PLC (Abu Dhabi), Collateralized debt obligations, HSH Nordbank AG

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