Tianjin Magnesium Must Pay Fees In Duty Fight, CIT Says

Law360, New York (April 24, 2013, 2:20 PM EDT) -- A federal judge told Tianjin Magnesium International Co. Ltd. on Tuesday to cover a portion of the litigation fees and costs of the U.S. Department of Commerce and US Magnesium LLC in a court battle over the China-based magnesium exporter's 2005 anti-dumping rate.

Court of International Trade Senior Judge Nicholas Tsoucalas stood by his decision late last year to impose the penalties as a result of the foreign company's "frivolous argumentation and repeated misrepresentations to the court," he said.

The judge noted that "the docket is...
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.