Bank Sarasin-Alpen to appeal DIFC court ruling on miss-selling | GulfNews.com:
"The Dubai International Financial Centre Court (DIFC Court) on Thursday ruled in favour of Al Khorafi, a prominent Kuwait-based business family in its case against Bank Sarasin-Alpen and its Swiss parent Bank Sarasin over a case relating to investment losses.
The court found Sarasin sold unsuitable investments to Al Khorafi family members in 2007 and 2008, and should pay compensation to the family, deputy chief justice John Chadwick ruled on Thursday.
A Bank Sarasin-Alpen official said it is studying the ruling for further action. “We are looking at all aspects of the court ruling and an appeal will be the natural course of action,” Rohit Walia, Chief Executive Officer of Bank Sarasin-Alpen Middle East (BSAME), told Gulf News."
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