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The court granted summary judgment to enforce liquidated debts under foreign exchange and trade finance agreements, rejecting vague defenses of misrepresentation.
The plaintiffs, Ebury Partners Canada Ltd. and Ebury Partners Finance Ltd., moved for summary judgment against the defendants for debts allegedly owed under a Transaction Finance Agreement and a Foreign Exchange Services Agreement.
The plaintiffs sought $142,251.07 plus interest under the FX Agreement and $84,496.40 plus interest under the TF Agreement, with the latter also sought against the defendant William Friedman as a personal guarantor.
The defendants opposed the motion, alleging that Ebury had made misrepresentations regarding the provision of advice and risk management tools.
The court found that summary judgment was appropriate and granted judgment for the plaintiffs in full.
