Citi/Mercuria ruling prolongs Qingdao saga, but don't panic just yet
The latest court ruling for Citi to pay damages to Mercuria does not mark the end of a legal dispute that centres on trade finance fraud at the Port of Qingdao.
An order from the UK’s High Court for Citi to pay $13.6 million in damages to Mercuria Energy Trading on July 9 is the latest twist in the fallout from the trade finance fraud at China’s Port of Qingdao.
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