Rasmala trade finance fund hit with investor lawsuit
07-06-23 / by Jacob Atkins
A Saudi investment firm is demanding Dubai asset manager Rasmala pay it US$7.6mn over “untrue”...Litigation
“Wildly inaccurate”: Cargill hits back at Russian bank suit
31-05-23 / by Jacob Atkins
Cargill has said a Russian bank’s fraud claim is “riddled with factual inaccuracies, specious logic...
Court tells Kimura to repay US$5mn to asset manager over failed copper mine
24-05-23 / by Jacob Atkins
A London court has ordered non-bank commodities financier Kimura to repay US$5mn to US asset...
UKEF and BAE reach deal over historic Iran weapons sales
15-05-23 / by Jacob Atkins
UK Export Finance (UKEF) and defence giant BAE Systems have struck a last-minute deal to...
Court dismisses UniCredit appeal in tussle with shipowner
11-05-23 / by Jacob Atkins
UniCredit has lost a closely watched appeal over a US$24.7mn loss on a cargo of...
Chubb loses payout appeal over metals heist
03-05-23 / by Jacob Atkins
Insurance giant Chubb has lost its bid to overturn a court ruling that it should...
Insurers lose appeal over grain fraud
26-04-23 / by Jacob Atkins
A group of insurers has lost its bid to avoid paying out US$5.7mn to Switzerland’s...
Five decades later, UKEF-backed Iran missiles deal lands in court
17-04-23 / by Jacob Atkins
UK Export Finance (UKEF) is suing BAE Systems, one of its biggest clients, over contracts...
Balli Steel execs get jail time over US$150mn trade finance fraud
04-04-23 / by Jacob Atkins
The self-confessed mastermind behind a collapsed UK steel trading group’s US$150mn trade finance fraud has...
UniCredit considers commodity trade finance exit ahead of key court ruling
29-03-23 / by Jacob Atkins
UniCredit is considering exiting commodity trade finance if it loses an appeal over a US$24.7mn...