Norilsk, BCL tussle moves to London

The Court of Appeal recently granted Norilsk Nickel leave to take the dispute over the 2014 equity sale to the London Court of International Arbitration (LCIA). The Russian giant recently cancelled its 2014 agreement with BCL and in London it will be pursuing damages, not enforcement of the contract.

BusinessWeek is informed that both sides have briefed their legal counsels on the parameters for the upcoming arbitration. Actual arbitration proceedings are not due to start for a few more months, but lawyers on both sides are already gearing up for the impeding tussle.