Morgan Stanley in Legal Tussle Over Hedging Contract - WSJ.com

Please click on the link inside the email to complete your registration

another account. Please enter a different username

Please re-enter the email address.

Receive and manage newsletters

Morgan Stanley in Legal Tussle Over Hedging Contract

HONG KONG -- Morgan Stanley is in the midst of a legal tussle in England and China with a Chinese company over yuan-dollar hedges worth several tens of millions of dollars, people familiar with the proceedings said ...

Thursday.

In a sign that mainland enterprises continue to be at odds with foreign investment banks over earlier derivatives deals, Morgan Stanley is suing Hong Kong-listed China Haisheng Juice Holdings in London for US$26 million over its refusal to put up collateral for a hedging contract, according to these people and legal filings.

The Chinese firm in turn is countersuing the Wall Street ...

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement[109] and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit

Hide