UK Court Dismissed Hedge Funds Lawsuit Against London Metal Exchange to Disclose Documents for Nickel Trades Suspension & Cancellation, Other Lawsuits
London Metal Exchange (LME) Caproasia.com | The leading source of data, research, information & resource for investment managers, professional investors, UHNW & HNW investors, and advisors to institutions, billionaires, UHNWs & HNWs. Covering capital markets, investments and private wealth in Asia. How do you invest $3 million to $300 million? How do you manage $20 million to $3 billion of assets? Caproasia - Learn more This site is for accredited investors, professional investors, investment managers and financial professionals only. You should have assets around $3 million to $300 million or managing $20 million to $3 billion. 
UK Court Dismissed Hedge Funds Lawsuit Against London Metal Exchange to Disclose Documents for Nickel Trades Suspension & Cancellation, Other Lawsuits Pending Including $15 Billion Jane Street & $51 Billion Elliot Management 29th December 2022 | Hong Kong
A United Kingdom (UK) court in London has dismissed a hedge fund lawsuit against London Metal Exchange (LME) to disclose documents including transcripts & meeting notes for LME nickel trades suspension & cancellation in March 2022. The hedge funds (AQR Capital Management, Winton Capital Management, Capstone Investment Advisors, Flow Traders, DRW Commodities) had filed the lawsuit to access the documents that will help them to evaluate their LME’s responsibility and possible liabilities, which have caused the hedge funds to suffer significant losses after the LME nickel trades suspension & cancellation in March 2022. Other lawsuits pending includes $15 billion Jane Street suing for $15.3 million & $51 billion Elliot Management suing for $456 million. The hedge funds (AQR Capital Management, Winton Capital Management, Capstone Investment Advisors, Flow Traders, DRW Commodities) has the right to appeal within 21 days. London Metal Exchange (LME) is a subsidiary of Hong Kong Exchange Group (HKEX).
“ UK Court Dismissed Hedge Funds Lawsuit Against London Metal Exchange to Disclose Documents for Nickel Trades Suspension & Cancellation, Other Lawsuits Pending Including $15 Billion Jane Street & $51 Billion Elliot Management “
Ads & Announcements For CEOs, Entrepreneurs & Founders - Register here Join membership group, receive updates. Receive events & programs updates. Grow business, fund-raising, investor relations, succession planning, M&A, acquisition, exits & more.
Hong Kong Exchange Statement 
London Metal Exchange (LME) HKEX: “As explained in LME Notice 22/057 published on 10 March 2022, during 7 March 2022 (UK time), significant upward price movements were observed in the nickel market. However, the LME considered that trading activity up to and including close of trading that evening had been orderly. In the early hours of 8 March 2022 (UK time) nickel prices then increased dramatically over a short period of time. After consultation with LME Clear, the LME took the decision to suspend trading in all nickel contracts with effect from 08:15 UK time and to cancel all trades executed on or after 00:00 UK time on 8 March 2022.
This decision to suspend trading was taken because the nickel market had become disorderly. Cancellations were made retrospectively to take the market back to the last point in time at which the LME could be confident that the market was operating in an orderly manner. It should be stressed that the LME always acted in the interests of the market as a whole. LME nickel trading later resumed on 16 March 2022 on all LME execution venues. The claim seeks to challenge the decisions giving effect to and maintaining the cancellation of the Claimants’ alleged trades in nickel contracts executed on or after 00:00 UK time on 8 March 2022. The Claimants have alleged that this was unlawful on public law grounds and/or constituted a violation of the Claimants’ human rights. The amount claimed by the Claimants is US$456,391,500. The LME management is of the view that the claim is without merit and the LME will contest it vigorously.”
2021 Data Release 2020 List of Private Banks in Hong Kong2020 List of Private Banks in Singapore 2020 Top 10 Largest Family Office2020 Top 10 Largest Multi-Family Offices2020 Report: Hong Kong Private Banks & Asset Mgmt - $4.49 Trillion2020 Report: Singapore Asset Mgmt - $3.48 Trillion AUM Register Below Latest 2022 data & reports, insights & news Every Saturday & Sunday 2 pm Direct to your inbox Save 2 to 8 hours per week. Organised for success For Investors | Professionals | Executives For CEOs, Entrepreneurs & Founders - Register here Join membership group, receive updates. Receive events & programs updates. Grow business, fund-raising, investor relations, succession planning, M&A, acquisition, exits & more. New to Caproasia? Join 10,000 + Learn More | Sign Up Today Caproasia.com | Caproasia Access 2022 Events | TFC - Find Services Grow Business | Contact Us For CEOs, Heads, Senior Management, Market Heads, Desk Heads, Financial Professionals, Investment Managers, Asset Managers, Fund Managers, Hedge Funds, Boutique Funds, Analysts, Advisors, Wealth Managers, Private Bankers, Family Offices, Investment Bankers, Private Equity, Institutional Investors, Professional Investors Get Ahead in 60 Seconds. Join 10,000 + Save 2 to 8 hours weekly. Organised for Success. Subscribe / Sign Up / Contact Us Register / Sign Up / Subscribe:
Mailing ListFree TrialSubscriptionMembershipEvents
Interests / Events / Summits / Roundtables / Networking:
Professional InvestorPrivate WealthFamily OfficePrivate BankingWealth ManagementInvestmentsAlternativesPrivate MarketsCapital MarketsESG & SICEO & EntrepreneursTax, Legal & RisksHNW & UHNWs Insights
Your Name*
Company*
Job Title*
Email 1 (Work / Personal)*
Email 2 (Work / Personal)
Contact No.
Country
Your Message (leave blank if none)
Owl Media Group takes pride in providing social-first platforms which equally benefit and facilitate engagement between businesses and consumers and creating much-needed balance to make conducting business, easier, safer, faster and better. The vision behind every platform in the Owl Media suite is to make lives better and foster a healthy environment in which parties can conduct business efficiently. Facilitating free and fair business relationships is crucial for any thriving economy and Owl Media bridges the gap and open doors for transparent and successful transacting. No advertising funds influence the functionality of our media platforms because we value authenticity and never compromise on quality no matter how lucrative the offers from advertisers may seem.