The details of this last meeting for all credit linked notes investors (DBS High Notes, Jubilee, Minibond, Pinnacle) at Hong Lim Park are as follows: Date: Saturday 27 December 2008 Time: 5 to 7 pm Agenda 1. Update of complaints to financial institution, FIDREC 2. Update on collective legal action 3. Speech by lawyer organising […]
More than two months ago, MAS spelt out the timeline for handling of disputes with regards to the sale of structured products like the Minibond, DBS High Notes, Jubilee and Pinnacle. Among other things, it spelt out that financial institutions should: acknowledge receipt of a customer’s complaint within two working days; have an interview with […]
Tan Kin Lian provides some updates of legal proceedings with regards to Lehman-linked products. Summary notes can be found here. Part 1 Part 2 Part 3 Part 4 Mandarin Version
It has been reported in the news that the distributors of the Minibond products will be contributing money to the receivers’ cost of obtaining legal opinions. This is required due to the complex issues raised from lawyers dealing with Lehman Brothers in the US. Even DJ newswire picked up the news from our MAS announcement and […]
There appears to be a flurry of activities happening on the minibond legal front in Hong Kong. Two legal law firms from the United States will be going to Hong Kong to establish links with investors. They are working on a “pay only if we win” deal. Hong Kong minibond investors eye US class action […]