EFG Bank said today that it “fundamentally disagrees” with a ruling by a Taiwan arbitration tribunal, which has ordered the bank to return US$193.8 million in assets used as collateral for a loan to the Singapore-domiciled affiliate of a Taiwanese insurance company, Singfor Life The tribunal maintains that the transaction from EFG to the affiliate of the insurance company was…
EFG “fundamentally disagrees” with Taiwan arbitration tribunal over loan ruling
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