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Mis-selling precedent will have “limited” long-term implications

The Hong Kong Court of Appeal’s recent precedent-setting ruling in favour of investors in a mis-selling case against ING (now Bank of Singapore) will have a limited impact on product sales moving forward, given that Hong Kong implemented new suitability rules in June, lawyers say. Dominic Geiser, partner at Herbert Smith Freehills, believes that the case “might not have any real lasting impact, in…

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