Broker sues Bike Parts Biz for 4.7 million Euros over missed margin call

By Ronan Barnard (August 30, 2022, 5:13 PM BST) – A fintech brokerage firm is suing a high-end motorcycle parts retailer for 4.7 million euros ($4.7 million) for allegedly failed to pay a margin call on foreign exchange contracts.

Ebury Partners Belgium SA/NV is suing importer Technical Touch BV and its founder Jan Berthels in the High Court for 4.7 million euros in losses after allegedly failing to pay a margin call. The complaint was filed on July 29 and has now been made public. Ebury Partners is the Brussels subsidiary of the foreign exchange broker Ebury.

Technical Touch opened forex and payment accounts with Ebury in January 2021, and the…

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