BNP Paribas breached duty of care in US$650m sukuk dispute, High Court finds

BNP Paribas breached duty of care in US$650m sukuk dispute, High Court finds

International bank BNP Paribas breached the duty of care it owed to hedge fund investors in a US$650 million Islamic bond when it failed, as arranger, to ensure a promissory note issued under Saudi Arabian law was properly executed, the High Court in London has ruled.

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