Africa

Feds Tell High Court Nestle Can’t Be Held Liable For Slavery

The Trump administration urged the U.S. Supreme Court on Tuesday to take up Nestle USA Inc.’s fight against claims it aided slavery on Ivory Coast cocoa farms, saying the high court should rule that domestic corporations can’t be held liable under the Alien Tort Statute…

Read this piece in its entirety at Law360.

Commerce Dept. Opens 18-Nation Aluminum Trade Probe

The U.S. Department of Commerce announced Tuesday that it has opened a probe in response to petitions from U.S.-based metal producers that alleged potentially unfair practices in the aluminum trade involving 18 countries from across the globe…

Read this piece in its entirety at Law360.

Bankrupt Banro Corp. Dodges US Suit Over Congo Operations

Canada’s Banro Corp. won’t face a suit in New York federal court alleging the mining company lied to investors about its operations in the Democratic Republic of Congo after a judge ruled Thursday that those claims were resolved last year in bankruptcy proceedings in Canada…

Read this piece in its entirety at Law360.

 

 

Ex-Credit Suisse Bankers Aided $2B Fraud In Africa: Feds

Former Credit Suisse bankers, a Lebanese businessman and top officials in Mozambique participated in a scheme to siphon funds from more than $2 billion in government-backed loans for fraudulent projects in the African nation, according to an indictment unsealed Thursday in New York federal court…

Read this piece in its entirety at Law360.