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We list below a number of recent iron and steel industry (or related) legal disputes. This page is updated regularly.

Adhunik Metaliks faces liquidation - Report tweet
Tue, 13 Nov 2018 20:59:00 GMT
Telegraph India reported that Adhunik Metaliks, the Calcutta-based beleaguered steel maker ... However, judicial member KR Jinan expressed his inability to do this. He observed he has no ...
https://steelguru.com/steel/adhunik-metaliks-faces-liquidation-report/526055

Kyrgyzstan: Alliance Altyn fails to pledge license ... tweet
Wed, 31 Oct 2018 00:00:00 GMT
The Subsoil Use Licensing Commission denied Alliance Altyns application for obtaining permission to pledge a license for development of Jerooy gold deposit in a bank for taking a loan, the State Committee for Industry, Energy and Subsoil Use of Kyrgyzstan reported. The commission denied the application due to litigation over the accrued fines under the
https://metalukraine.com/2018/10/31/kyrgyzstan-alliance-altyn-fails-to-pledge-license-for-jerooy-development.html

ArcelorMittal declares force majeure for Duisburg-Ruhrort ... tweet
Mon, 22 Oct 2018 00:00:00 GMT
FRANKFURT/DUESSELDORF Reuters - ArcelorMittal (AS:MT), the world's largest steelmaker, has declared force majeure for its Duisburg-Ruhrort site in Germany due to the Rhine river's low water levels,...
http://uk.investing.com/news/stock-market-news/arcelormittal-declares-force-majeure-for-duisburgruhrort-site-1351404

5th Circ. Passes Daewoo Iron Shipment Row To La. High ... tweet
Thu, 18 Oct 2018 18:47:00 GMT
The litigation is part of a larger dispute involving Stemcor USA Inc., which was the first to sue a Brazilian pig iron manufacturer, Cia Siderurgica Do Para Cosipar, and its English trading arm, AMT, ...
https://www.law360.com/articles/1093459/5th-circ-passes-daewoo-iron-shipment-row-to-la-high-court

Belarus: BMZ results for January-September 2018 tweet
Wed, 17 Oct 2018 00:00:00 GMT
In just one week there appeared 3 announcements on the start of bankruptcy procedures of Svetlinsky Ferronickel Works. Three claimants are EnergosbyT Plus Company, Absolut Bank and an individual. The combined volume of claims is 48 million rubles. The situation at the works worsened in spring, when the experiment to commission the newest energy saving
https://metalukraine.com/2018/10/17/belarus-bmz-results-for-january-september-2018.html

Azerbaijan: gold and silver prices down on October ... tweet
Tue, 09 Oct 2018 00:00:00 GMT
Police officers detained a local council member in Jalal-Abad on the fact of a rally and arson of a gold extraction plant in Toguz-Toro district, Interior Ministry Department for the region reported. He was detained on suspicion of organizing riots. Investigation is underway. The suspect was placed in a pretrial detention center. The court chose
https://metalukraine.com/2018/10/09/azerbaijan-gold-and-silver-prices-down-on-october-9-2018.html

Hydro updates force majeure notice following full curtailment ... tweet
Fri, 05 Oct 2018 00:00:00 GMT
Hydro Aluminium International SA and Hydro Aluminium AS have updated the force majeure declarations previously sent to their alumina and hydrate customers in March 2018, reflecting the decision taken on October 3 to fully curtail operations at Alunorte, as this will affect all alumina and hydrate deliveries from Alunorte to Hydros customers.
http://www.hydro.com/en/press-room/Archive/2018/alunorte-situations-news/hydro-updates-force-majeure-notice-following-full-curtailment-at-alunorte-alumina-refinery/

SC grants one more opportunity to ArcelorMittal, NuMetal ... tweet
Thu, 04 Oct 2018 00:00:00 GMT
A bench comprising Justices R F Nariman and Indu Malhotra held that both the firms were ineligible under amended Insolvency and Bankruptcy Code to bid for the firm but granted them a fresh opportunity after taking note of the plea of Committee of Creditors that it does not want liquidation of Essar Steel.
https://www.moneycontrol.com/news/business/sc-grants-one-more-opportunity-to-arcelormittal-numetal-to-bid-for-essar-steel-3012011.html

NCLAT wrongly allowed ArcelorMittal to pay dues after ... tweet
Thu, 20 Sep 2018 00:00:00 GMT
A bench of Justices R F Nariman and Indu Malhotra has been hearing the cross appeals of NuMetal and steel and mining major ArcelorMittal against the order of the National Company Law Appellate Tribunal (NCLAT).
https://www.moneycontrol.com/news/india/nclat-wrongly-allowed-arcelormittal-to-pay-dues-after-bidding-for-essar-steel-numetal-to-sc-2970391.html

SC asks Numetal to establish subterfuge charge against ... tweet
Tue, 18 Sep 2018 00:00:00 GMT
The observation by the court came when NuMetal accused steel and mining major ArcelorMittal of cheating Indian banks of Rs 7,000 crore owed by Uttam Galva Steels and KSS Petron by selling its shares just before bidding for Essar Steel.
https://www.moneycontrol.com/news/business/sc-asks-numetal-to-establish-subterfuge-charge-against-arcelormittal-in-divesting-shares-2964071.html

Indian court says committee to decide fate of shut ... tweet
Mon, 20 Aug 2018 10:04:09 GMT
NEW DELHI Reuters - India's environment court said on Monday an independent judicial committee will decide in about six weeks whether to allow Vedanta Ltd (NS:VDAN) to reopen its copper...
http://uk.investing.com/news/stock-market-news/indian-court-says-committee-to-decide-fate-of-shut-vedanta-copper-smelter-1289645

Suitors put in bids for Bhushan Power assets tweet
Tue, 14 Aug 2018 00:00:00 GMT
Tata Steel, Liberty House and JSW have submitted bids for the second time to acquire debt-laden Bhushan Power and Steel Ltd, news agency PTI reported citing sources. The bids were reportedly submitted to Committee of Creditors (CoC) late Monday night by the three parties. On August 6, the National Company Law Appellate Tribunal (NCLAT) had extended the deadline for submission of revised bids for BPSL by one week on the plea of Tata Steel, a resolution applicant in this.
https://economictimes.indiatimes.com/industry/indl-goods/svs/steel/suitors-put-in-bids-for-bhushan-power-assets/videoshow/65406316.cms

Egypt: Court drops corruption case against Mubarak-era ... tweet
Mon, 13 Aug 2018 07:05:00 GMT
The court lifted a travel ban and an asset freeze that were imposed on Ezz. Prosecutors had charged the steel tycoon with embezzlement, illicit profits, and money laundering in 2011, in the wake of a ...
https://www.middleeastmonitor.com/20180813-egypt-court-drops-corruption-case-against-mubarak-era-tycoon/

Last lawsuit against Ahmed Ezz dismissed per reconciliation tweet
Sun, 12 Aug 2018 11:45:00 GMT
CAIRO 12 August 2018: Cairo Criminal Court dismissed Sunday the last lawsuit filed against Egyptian steel tycoon Ahmed Ezz following the ousting of former President Hosni Mubarak. The lawsuit accuse...
http://www.egypttoday.com/Article/2/55846/Last-lawsuit-against-Ahmed-Ezz-dismissed-per-reconciliation

Business tycoon Ahmed Ezz cleared of money laundering ... tweet
Sun, 12 Aug 2018 10:02:00 GMT
Earlier in March 2013, the Giza Criminal Court, headed by El-Mohamady Qonsowa, sentenced Ezz to 37 years in prison, in the case publicly known as the steel licenses, however all charges were dropped ...
https://www.dailynewsegypt.com/2018/08/12/business-tycoon-ahmed-ezz-cleared-of-money-laundering-case/

NCLAT upholds sale of Electrosteel Steels to Vedanta tweet
Sat, 11 Aug 2018 05:01:00 GMT
On 17 April, the NCLT-Kolkata bench of Justice Jinan K R and Justice Madan Balachandra Gosavi approved Vedantas bid to acquire Electrosteel. Though the National Company Law Tribunals had cleared the ...
https://www.domain-b.com/companies/companies_v/Vedanta/20180811_sale.html

NCLAT Upholds Electrosteel Steels Sale To Vedanta tweet
Fri, 10 Aug 2018 22:18:00 GMT
On April 17, the NCLT-Kolkata bench of Justice Jinan KR and Justice Madan Balachandra Gosavi approved Vedantas bid to acquire Electrosteel Steels. The tribunal rejected the objection by Renaissance S...
https://www.bloombergquint.com/insolvency/2018/08/10/nclat-upholds-electrosteel-steels-sale-to-vedanta

NCLAT upholds Bhushan Steel sale to Tata Steel, rejects ... tweet
Fri, 10 Aug 2018 00:00:00 GMT
The appellate tribunal also rejected the claims of engineering and construction major L&T, an operational creditor of Bhushan Steel Ltd, opposing Tata Steel's resolution plan seeking a higher priority in debt resettlement.
https://economictimes.indiatimes.com/industry/indl-goods/svs/steel/nclat-upholds-bhushan-steel-sale-to-tata-steel-rejects-issues-over-its-ineligiblity/articleshow/65356129.cms

Cabinet receives 12 reconciliation requests over squandering ... tweet
Tue, 31 Jul 2018 03:03:00 GMT
In April, Cairo Criminal Court dropped the last corruption case against Egyptian steel tycoon Ahmed Ezz per the Reconciliation Law. The court dropped charges of squandering LE 5 billion of public mone...
http://www.egypttoday.com/Article/1/55014/Cabinet-receives-12-reconciliation-requests-over-squandering-public-funds

Bhushan Power rebid process violates NCLAT orders: ... tweet
Mon, 30 Jul 2018 00:00:00 GMT
According to the sources privy to the development, Tata Steel in its letter has alleged that the CoC was not following legal process as per the National Company Law Appellate Tribunal order.
https://economictimes.indiatimes.com/industry/indl-goods/svs/steel/bhushan-power-rebid-process-violates-nclat-orders-tata-steel/articleshow/65203371.cms

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