Court ruling buoys dealers in Korea

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Decisions announced by the Seoul Central District Court on April 24 on attempts by local corporates to suspend the performance of knock-in knock-out (Kiko) currency option contracts may signal a change of tack that should provide some comfort for derivatives dealers operating in South Korea.

The court announced it had granted three preliminary injunctions - court orders temporarily suspending the contracts pending final verdicts of lawsuits - on the basis the companies had not been adequately in