LME warehousing policy 'breaches Rusal's human rights': source
Dec 24, 2013 | 01:41 PM
| Claire Hack
LONDON United Co. Rusal (UC Rusal) has filed a lawsuit claiming the London Metal Exchanges decision to implement a new warehousing policy breaches its rights under the European Convention on Human Rights, a source close to the company said.
UC Rusal claims the decision breaches its right to "the peaceful enjoyment of its possessions," as economic interests and goodwill related to a business are deemed to fall under the definition of possessions, the source said.
A judicial review, in which the LME has been named as a defendant, will be heard in the High Court of England and Wales in February or March, ahead of the implementation of the proposed rule change April 1, the source said.....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.