Minerals Co. Can't Escape Suit Over $70M Award Enforcement
Law360 (October 11, 2019, 4:06 PM EDT) -- International minerals supplier Amcol International Corp. can't escape litigation in which it's accused of orchestrating fraudulent transfers to shield assets that were being targeted by a Singapore shipper to enforce more than $70 million in arbitral awards.
U.S. District Judge Elaine E. Bucklo on Thursday denied Amcol's bid for summary judgment in the suit filed by Armada (Singapore) PTE Ltd., which is looking recoup losses it suffered after the Indian minerals company Ashapura Minechem Ltd. broke a contract to provide cargos of bauxite, the world's main source of aluminum, for Armada to carry in its vessels.
Amcol, together with the related...
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