UBS has lost an appeal to throw out a lawsuit by an exiled Chinese businessman over an allegedly forced sale of shares by the Swiss bank’s London branch.
UBS is facing a $500 million lawsuit in London brought by an exiled Chinese businessman after an appeal court rejected the Swiss bank's latest attempt to have the case dismissed on Wednesday.
By Sam Tobin LONDON (Reuters) - UBS faces a $500 million lawsuit in London brought by an exiled Chinese businessman after an appeal court on Wednesday.