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…

Stay one step ahead

In the legal profession, information is the key to success. You need to know what’s going on with customers, competitors, practice areas and industries. Law360 provides the intelligence you need to stay an expert and beat the competition.

  • Access to case data in articles (numbers, filings, courts, nature of lawsuits, etc.)
  • Access to attached documents such as briefs, motions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and more!

TRY LAW360 FREE FOR SEVEN DAYS

About Scott Conley

Check Also

Banks accelerate disbursement of VNĐ40 trillion interest subsidy program

VIETNAM, September 14 – HCM CITY — Thanks to credit formulas with preferential interest rates …