Glencore reportedly allowed to pursue $230 million case against Prax
Bloomberg reports that the commodity trader can sue Prax Lindsey Oil Refinery Ltd over more than $230 million worth of oil that Glencore says was never paid for.
TLDR
Glencore, one of the world’s largest commodity traders, has been granted permission to sue the UK’s Prax Lindsey Oil Refinery Ltd, Bloomberg reports. The case concerns more than $230 million worth of oil that Glencore alleges was never paid for.
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