Morgan Stanley has ended a confrontation with a Chinese company over
disputed hedging contracts in an out-of-court settlement that may be a model
for ending similar disputes involving mainland enterprises.
The Morgan Stanley dispute with China Haisheng Juice Holdings was the most
public of many between foreign investment banks and dozens of mainland
Chinese companies over lossmaking derivatives deals.
The scale of the losses in the wake of the financial crisis triggered a
clampdown on derivative