British investment firm sued for “unpaid” Swiss loans

By Bonnie Eslinger (September 9, 2019, 1:30 p.m. BST) – A Swiss company has sued Floreat Merchant Banking over a series of loans it made to the London-based investment firm six years ago that allegedly not been reimbursed.

Ffinal 09 AG alleges that Floreat Merchant Banking waived an obligation to repay four loans in Swiss francs, granted in April and May 2013, for a total amount of CHF 325,000 ($ 327,900), according to the request to the High Court , filed in August but made public Thursday.

The proof of the debt would be contained in a document attached to an email dated October 2013 sent by a director of Floreat, Hussam Otaibi, …

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