British Investment Firm Denies Borrowing Money In Loan Suit

Law360, London (September 24, 2019, 4:04 PM BST) -- A London-based investment firm has hit back at a High Court lawsuit seeking to force it to repay a series of alleged loans, arguing that it did not have a working relationship with the Swiss company bringing the “wholly misconceived” claim.

Floreat Merchant Banking Ltd., a privately-owned investment group, said the case against it brought by Ffinal 09 AG fails to set out the background facts of the dispute and is “Delphic,” or deliberately obscure or ambiguous.

Ffinal 09 launched legal proceedings at the London court in April alleging that Floreat had reneged on an obligation from 2013 to repay four loans in Swiss francs...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!


Related Sections

Law Firms

Government Agencies

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!