Company news
Industry Report
media coverage
LME faces litigation risk again due to nickel trading, and the claim amount is about USD 15.34 million
Posttime:2022-06-07 Views:5230
   The Hong Kong Stock Exchange announced that the wholly-owned subsidiaries London Metal Exchange (LME) and LME clear Limited were named as defendants in a judicial review claim filed by Jane Street global trading, LLC. The claim was filed in the high court of England on 6 June 2022 and served on LME and LME clear. The claim intends to challenge LMEs decision to cancel the nickel contract transaction that the plaintiff claims to execute on or after 00:00 UK time on march8,2022. The plaintiff claimed that the decision was illegal under public law and / or constituted a violation of the plaintiffs human rights. The plaintiff claimed about US $15.34 million. LME management believes that the claim has no legal basis, and LME will actively defend it.
Prev: China ENFI and Indonesia Pt PP jointly contracted Indonesia CNI ferronickel project
Next: Global nickel inventory remains low, and stainless steel is difficult to become a unilateral trend
Headquarters ——
Tel:0577-81522666
Phone:13780197665
Add:No.3, Jingang Avenue, Tashi, Longquan City, Zhejiang Province
Home
About
Products
Contact
Call