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Glencore Allowed to Pursue $230 Million Case Against UK’s Prax
Source: Bloomberg
Legal & LitigationCommodities & Raw Materials
A major global commodity trader has received permission to sue Prax Lindsey Oil Refinery Ltd over more than $230 million of oil that it alleges was not paid for. The dispute creates a material legal and credit-risk overhang for the refinery, though the article provides no ruling on the underlying claim.
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