In a statement to the stock exchange dated January 4, Hong Kong-listed China Haisheng Juice Holdings Co said it is paying Wall Street bank Morgan Stanley $7 million to settle lawsuits in the UK and China over hedging contracts.
The out-of-court settlement effectively ends the dispute as the companies have agreed to end legal proceedings over yuan-dollar hedges they had been fighting in courts in the UK and China since last April.
A win for the Wall Street bank?
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