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Zambia court orders Standard Chartered to pay costs not compensation over China property bond sale
Reutersยท 2025-09-10 09:36
Core Viewpoint - Zambia's high court has ruled in favor of Standard Chartered, stating that the bank is not required to pay $500,000 in compensation to a former client regarding a defaulted Chinese property bond [1] Group 1 - The ruling comes after the client claimed damages related to the sale of the now-defaulted bond [1] - The case highlights the legal challenges faced by banks in relation to investment products sold to clients [1] - Standard Chartered's position in this case may influence its reputation and operational strategies in Zambia and similar markets [1]