Perspective
22 May 2015
High Court rules on Qingdao case in favour of Mercuria against Citi
Region:
Asia-Pacific, Europe
After months of legal wrangling in the UK courts, the High Court in London has finally ruled in favour of commodity trading company Mercuria, in the Mercuria Energy Trading Pte Ltd & Anr versus Citibank N.A & Anr, where Citi had been seeking payment of $270 million related to a metals financing warehouse receipt transaction in Qingdao port, China.
