USAID Ducks Contractor Claim Over Delayed Grain Shipment

Law360, New York (January 12, 2012, 4:08 PM EST) -- A contract appeals board on Wednesday tossed a contractor claim against the U.S. Agency for International Development over a monthlong delay in a shipment of grain to Ethiopia, ruling that the contractor's bankruptcy reorganization precludes it from pursuing the claim.

The Civilian Board of Contract Appeals found that the contractor, USCS Chemical Chartering LLC, was no longer the same entity who first brought the claim in 2009, having since declared and emerged from Chapter 11 bankruptcy.

At issue is a September 2008 contract in which Chemical...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.