A Zambian court has ruled that Standard Chartered Bank is liable only for legal costs, not compensation, in a dispute linked to the sale of a Chinese property bond.
The case stemmed from investor claims that the bank bore responsibility for losses tied to the bond sale. However, the court dismissed demands for damages, concluding that Standard Chartered had not breached its obligations in the transaction.
By limiting the bank’s liability to covering court-related expenses, the ruling marks a significant win for Standard Chartered, which has faced growing legal scrutiny across several markets. Legal experts said the decision underscores the challenges investors face in pursuing compensation over complex cross-border financial products.
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