UK Court of Appeal delays LME/Rusal judgment

The UK's Court of Appeal has reserved judgment to a later date on the London Metal Exchange’s appeal against the High Court ruling that forced it to abandon planned new warehouse rules earlier this year.

The decision could still see a verdict delivered before the end of the week, but after that the court closes its doors until the beginning of October – raising the prospect that a verdict will not be heard for two months.

“The LME will analyse the content of any judgment and will update the market on its proposed way forward as soon as possible afterwards,” a spokeswoman for the LME said, while Rusal has made...


Jethro Wookey

July 30, 2014

15:12 GMT