Norilsk 'death match' shifts to London

Representatives of the Russian nickel giant –the world’s biggest producer of the base metal – told BusinessWeek that all eyes were on the LCIA giving its go ahead for proceedings to commence in the British capital.

Last Friday, Norilsk won a Botswana Court of Appeal decision granting the group the right to “commence and prosecute” arbitration proceedings at the LCIA towards damages in the failed deal. “The next step will be for the English court to lift the stay on the LCIA arbitration and get the LCIA arbitration going,” officials said in a written response to BusinessWeek enquiries.