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Post by Questions on Sept 20, 2017 15:58:38 GMT
where the Saxo clients in these three cases retail or professional clients? Where they Danish clients or from other EU countries? If the latter, why did they not have their case moved to the country of their residence, which according to EU law is the appropriate one for jurisdiction? Does anyone have file/reference numbers for these cases?
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Post by Guest-1 on Sept 21, 2017 6:31:53 GMT
I am pretty sure it is a bit of both. One of the Saxo clients is Sanwill Holding SpĆ³lka Akcyjna, which seems to be a holding company (http://www.reuters.com/finance/stocks/company-officers/SANWEUR.STp), so I would presume that is not a retail customer. I am very sure the two other clients are retail. The clients are not Danish, one company is Polish, one of the retail customers is Dutch and the other I presume is Norwegian (not an EU country, but part of EEA like Switzerland e.g.). "If the latter, why did they not have their case moved to the country of their residence, which according to EU law is the appropriate one for jurisdiction?" Don't know. "Does anyone have file/reference numbers for these cases?" domstol.fe1.tangora.com/Domsoversigt.16692/H-70-15,H-26-15,H-28-16.1876.aspx
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Post by Questions on Oct 4, 2017 20:29:56 GMT
Thanks Guest-1. The Maritime and High Court ruling does not make sense in my opinion. The claim is that the Swiss and UK cases are not relevant, because they are based on different contracts. But Saxo Switzerland and UK are actually just getting the prices from Saxo A/S, meaning that Saxo A/S is a market maker, whereas Switzerland and the UK could as well be just brokerages the retail client. As a market maker with dedicated liquidity Saxo A/S therefore is guaranteeing to execute trades for any given amount at any current price level! Any stop-loss trade that is not executed at the current level, or any account that is not closed out at a level of zero is in violation with these guarantees, in my opinion.
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Post by Guest-1 on Oct 5, 2017 7:23:40 GMT
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Post by Ninja on Oct 5, 2017 14:51:34 GMT
Thanks for the link Guest-1.
Is there a 3 year deadline for claims on Saxo in the European jurisdictions? In the UK and those with a UK framework, it is 6 years.
Has anyone here participated in a claim with Cobin Claims?
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