UBS asks for evidence challenge in Egypt bond case to be dismissed

UBS along with other holders of Egyptian corporate debt, who are looking to companies' owners into arbitration, have requested that a federal judge in New York dismiss the owners' objections to evidence they may present at trial, which the owners say contains forgeries and unauthenticated government reports that amount to hearsay; brothers Ramy and Michel Lakah are challenging the authenticity of the banking records.

By Jack Newsham (March 9, 2016, 5:12 PM EST) -- UBS AG and other holders of Egyptian corporate debt who seek to drag the companies' owners into arbitration asked a New York federal judge Thursday to toss the owners' objections to evidence they may present at trial, which the owners say contains forgeries and unauthenticated government reports that amount to "hearsay within hearsay."...

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