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2 years at least to clear legal issues
Thu, Dec 04, 2008
The Straits Times

By Francis Chan

INVESTORS in Minibonds hoping to get back some of their money face possibly delays of more than two years, while teams of lawyers fight it out over complex legal issues, it was disclosed yesterday.

It is feared that the process of unwinding the failed investment product will be put on hold while the cross-border legal wrangle plays itself out.

The warning came yesterday from the Minibonds trustee - HSBC Institutional Trust Services Singapore - and the receivers, PricewaterhouseCoopers (PwC).

 


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