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Aussie Mining Co. Lodges $94M Arbitration Against Tanzania
Law360 (July 27, 2021, 8:56 PM EDT) An Australian mining company has opened a 127 million Australian dollar (about $93.5 million) arbitration with the International Centre for Settlement of Investment Disputes against Tanzania for allegedly violating international investment agreements by seizing a project site under altered laws.
Indiana Resources, the majority shareholder of U.K.-based mining company Ntaka Nickel Holdings, had shared details of the dispute in January 2020 and said it would give the country six months to resolve the dispute before arbitrating the claims.
Indiana Resources said in a Monday announcement that it has reached a roughly $4.7 million litigation funding agreement with Litigation Capital Management Ltd..
TRADING UPDATES: Sareum raises GBP1 million; Marlowe buys Core Stream
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IN BRIEF: LCM signs litigation financing deal in Govia Thameslink case
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IN BRIEF: Litigation Capital Management to fund Comet liquidation claim
Wed, 23rd Jun 2021 20:33
Litigation Capital Management Ltd - alternate asset manager - Says it has entered into an agreement to provide a litigation finance facility to Geoffrey Carton-Kelly, a partner of FRP Advisory, additional liquidator of CGL Realisations Ltd, which until October 2019 was known as Comet Group Ltd. The litigation finance agreement will cover proceedings issued in the High Court against Darty Holdings SAS.
Chief Executive Officer Patrick Moloney commented: LCM has been financing claims of this nature since its inception 23 years ago. We are very comfortable funding into the insolvency and restructuring sector. Over time, we expect to see increased applications from this part of the market.
Wed, 19th May 2021 19:33
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:
Young & Co s Brewery PLC - London-based pub operator - Confirms it has appointed Savills PLC over possible sale of Young s tenanted estate. The company confirms that Savills has been appointed and that it is in discussions regarding a possible sale. There can be no certainty, however, that any sale will proceed, company says.
Adnams PLC - pub and brewing firm based in Suffolk - Says current trading environment volatile amid UK hospitality restrictions. The sector faces many headwinds before it can say it is clear of the pandemic and its aftershocks although many commentators are beginning to discuss an expected quick rebound in the economy. It will however, come as no surprise that trading revenues in the first half of the year have continued to be severely restricted and the company has mitigated this