Goldman Sachs wins bid to halt Singapore investor’s suit

Oei plans to appeal, says Bloomberg.

According to a report by Bloomberg, a Goldman Sachs Group Inc. (GS) unit won a bid to halt Singaporean wealth-management client Oei Hong Leong’s lawsuit over trading losses on the Brazilian real in favor of private arbitration.

The ruling was made in a closed hearing today at Singapore’s High Court. Oei’s lawyer Siraj Omar said he planned to appeal the decision. Edward Naylor, a Hong Kong-based spokesman for Goldman Sachs, declined to comment on the verdict.

Read full report here.

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