S.Korean Court Upholds KIKO Contract

08 Feb 2010

A South Korean court has ruled in the first case of its kind that a knock-in, knock-out contract is valid despite claims from a party that the risks of the derivatives were not adequately explained.

A South Korean court has ruled in the first case of its kind that a knock-in, knock-out contract is valid despite claims from a party that the risks of the derivatives were not adequately explained. The Seoul Central District Court refused to accept the argument by the plaintiff, ...

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