Morgan Stanley settles out of court with China Haisheng

Morgan Stanley has reached an out-of-court settlement with China-based drinks manufacturer China Haisheng Juice Holdings regarding a deal involving currency derivatives.

The US bank is to receive $7 million from the Cayman Islands-registered juice maker – less than a third of the $26 million it asked for – in a case that could have ramifications for other foreign institutions that have sold derivatives contracts to Chinese companies.

This decision could leave other Western banks in similarly wea

To continue reading...

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: