A French trade credit insurer has allegedly settled a claim brought against it by 2Agriculture Ltd.
Supplier 2 Agriculture Ltd s claim against Compagnie Francaise D Assurance Pour Le Commerce Exterieur SA, or Coface, has been stayed; the sides reached an out-of-court settlement, according to a Tomlin order filed at the High Court in London on May 28,
Judge Neil Calver signed off the order and said the proceedings will be halted unless either side needs the court’s help in enforcing, according to the article.
The leading UK poultry feed manufacturer had reportedly been seeking to collect £2.6m (US$3.6m) in unpaid bills after one of its biggest customers, Banham Group, a poultry firm, went into administration in October 2018 with the poultry feed invoices outstanding.
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