Supreme Court partially reverses and remands Hana Bank's ABCP unjust enrichment lawsuit
Supreme Court partially reverses and remands the delay damages part of the plaintiff's loss in Hana Bank's unjust enrichment lawsuit related to ABCP default, dismisses remaining appeals.
Among the lower court ruling, the delay damages part regarding the claim under Article 750 of the Civil Code is overturned, and the corresponding part under the Capital Markets Act is also overturned.
Case remanded to Seoul High Court for retrial.
Hana Bank's equity is 878,749,608,097 won; judgment amount undisclosed (voluntary disclosure as below threshold).
Defendants are Hanwha Investment & Securities and LS Securities (formerly eBest Investment & Securities).
Future response planned through legal counsel.
KOSDAQ Filing Information
Filing: Judgment Or Decision On Lawsuit, Etc. (Voluntary Disclosure: Claim Below Specified Amount)