Subscribe to RSS feedFortescue set for courts battle
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Obsidian
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last modified
Feb 12, 2009 01:00 AM
Emerging iron ore miner Fortescue Metals Group is taking on some of the most powerful and prominent shipowners in the world, in confidential arbitration proceedings now underway in London.
At stake is liability for shipping contracts potentially worth hundreds of millions of dollars that Fortescue signed at the height of the dry bulk market boom, and which it now seeks to cancel.
Sammy Ofer, George Economou and the...
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