The judge in London's High Court agreed with Yes Bank's interpretation of English grammar, saving the bank millions of dollars in a lawsuit.
A $7.5 million lawsuit filed by Cantor Fitzgerald, a US-headquartered financial adviser and investment bank, against Mumbai-headquartered Yes Bank in the high court in London failed because the judge agreed with the latter’s interpretation of English grammar. The case hinged on whether the term “Financing” mentioned in the December 2019 agreement betwee...