Implications for commodity trade sector as UniCredit loses $37m claim against Glencore in Singapore

Region:

Asia-Pacific

Jonathan Bell

Editor-in-chief

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A landmark decision in the recent Singaporean court case UniCredit vs Glencore is likely to see banks tighten financing for commodity traders and insurers insisting on onerous terms. It is also likely to influence decisions on whether other similar outstanding cases will proceed to court.