Rusal confident Court of Appeal will take its side in LME appeal

UC Rusal is “confident” the UK Court of Appeal will agree with its position on London Metal Exchange’s consultation on proposals to limit warehouse queues, director of corporate communications Vera Kurochkina has said.

“Rusal notes that the Court of Appeal has given permission to the [LME] to appeal the recent judgment [on] proposed changes to rules governing warehouse load out rates,” she said in a statement. “That judgment was reached after detailed disclosure by the LME, the exchange of lengthy witness statements, comprehensive written submissions by both sides, and several days of oral argument.” Presiding over the original hearings at the UK High Court in February, Mr Justice Phillips held...


Claire Hack

May 15, 2014

15:20 GMT