News
EU-based client wins over 160,000.00 EUR in a New Zealand arbitration
We have represented a retail CFDs investor in a New Zealand arbitration against a CFDs provider based in Auckland, NZ, before a panel of three arbitrators and successfully received an arbitral award in the quantum of over 160,000.00 EUR plus interest and legal costs. As the CFDs provider fails to pay up under the award […]
Czech CFDs provider found in breach of its Terms and Conditions
A Prague court ruled in favor of a CFDs investor, ordering the CFDs provider to pay the sum it initially deducted from his trading account. The court, inter alia, stated that the investment services provider’s Terms and Conditions were unreasonably imbalanced and despite its effort to argue otherwise, it was found to have violated its own contract. The […]
Czech client to receive over 30,000.00 USD pursuant to the European Payment Order
We have advised our client to benefit from the European Payment Order procedure in relation to her claim against a Cyprus-based broker and to sue the broker in the Czech Republic. The client was successful in both having the competent Czech court issue the European Payment Order and in winning her case.
Unlawful trade reversals and manipulation found in an ICAC arbitration
We have successfully represented our Czech client against a Moscow-based broker who cancelled, manipulated and withheld the client’s profits. Our client’s rights were vindicated in a unanimous decision rendered by a 3-member arbitral tribunal under the Rules of the the International Commercial Arbitration Court at the Russian Federation Chamber of Commerce and Industry. The broker failed to […]
FX trader recovers over 125,000.00 USD in a FSCL case
Our client, based in the Czech Republic, manages to recover over 125,000.00 USD in a case decided by the Financial Services Complaints Ltd. (FSCL). Around 80,000.00 USD were reinstated as the financial services provider (FSP) was held unauthorized to have cancelled all of the contested transactions. Another 45,000.00 USD were awarded to our client based […]
FX Price manipulations confirmed in New Zealand
A well-known financial services provider (FSP) is found to have tempered with the closing prices of FX pairs. The manipulation came right after a sudden drop in the prices which was favorable to our client. The FSP denied its wrongdoing, yet upon review the FSP is ordered to pay the sought compensation resulting from the price manipulation.
Trader gets back 88,000.00 USD from series of FOREX transactions
Lately, we advised a client on a series of cancelled trades from the part of a New Zealand financial services provider. The client received the whole amount claimed. The decision is well structured and carefully reasoned. There are two notable aspects to this case. First, the FDRS adjudicator stressed the importance of the limit within […]
