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.
Despite the Italian court judgment, the federal government has continued
with its $1.7 billion lawsuit against JP Morgan Chase for its role in the OPL 245 deal.
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The trial, scheduled to hold for six weeks, is expected to be held later this year based on the
According to Financial Times, lawyers representing the federal government had argued that there has been “serious issues” with JP Morgan’s approach to disclosure.
The government is seeking compensation of $875 million plus interest from the bank for facilitating two payments in 2011 totalling $801.5 million and one in 2013 for $74.2 million.
The country alleges it is the victim of a “fraudulent and corrupt scheme” involving bribes paid to politicians and oil executives.
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Russian Banks Don t Have To Pay $20M To Back Fraud Claims
Law360, London (April 30, 2021, 1:55 PM BST) Two Russian lenders will not have to post an additional $20 million to keep a freezing order in place against a compatriot billionaire after a judge ruled on Friday that there is scant proof the fraud proceedings have damaged his hedge fund.
Judge Neil Calver rejected an application to the High Court to force PJSC National Bank Trust and Otkritie Bank Financial Corp. to hold more money on account with their solicitors in the fraud lawsuit brought by the Russian banks against Boris Mints and his three sons. Mints is a former co-owner of Otkritie.
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Shipper Chasing Tycoon For $60M Bolsters Contempt Bid
Law360, London (December 11, 2020, 6:09 PM GMT) A London judge on Friday permitted a Greek shipping company trying to enforce a $60 million judgment against a Taiwanese shipping magnate to beef up its request to have him imprisoned for the third time for allegedly thwarting its efforts to secure his assets.
High Court Judge Neil Calver granted the request from Lakatamia Shipping Co. to amend its committal application to add 11 more alleged contempts of court against the tycoon, Nobu Su. If found guilty, he faces a potential maximum sentence of two years imprisonment.