capital markets

Insider trading can be a risky game

Use or disclosure of confidential securities-related information is a crime punishable by prison or millions of zlotys in fines.

When is income on currency options recognised?

In the case of “virtual” currency forward contracts income is deemed to arise upon receipt of payment.

First judgment in favour of a customer who lost money on currency hedging

The court held that the bank misled the customer by failing to warn of the risk associated with currency forward contracts. But each claim must be considered on a case-by-case basis.