High Court rules on Qingdao case in favour of Mercuria against Citi

Region:

Asia-Pacific, Europe

Jonathan Bell

Editor-in-chief

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.

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