Why is Deutsche Bank in court?

A court case opened in Singapore last week, which is fast providing one of the most ironic and contentious tailpieces to the Asian financial crisis. Over the past nine years, there have been endless legal battles between indebted Asian companies and their creditors over debt restructuring agreements and asset disposals.In this instance the situation reverses itself with a highly novel twist. Here one of the worldÆs leading global banks has been forced to take the stand and faces a pos…