Russian giant withdraws P3bn suit against BCL

Tuesday, December 13, 2016

Russian giant, Norilsk Nickel has reportedly withdrawn its P3 billion suit against BCL Ltd with the liberty to reinstate the proceedings at a later stage.

By Friday last week, the company had filed a notice of withdrawal before court following the BCL’s strong response to their recent suit and requesting them to give notice of their agreement to withdraw.

Norilsk’s notice to withdraw was confirmed yesterday in court before Judge Gaolapelwe Ketlogetswe when BCL appeared alone for an ex parte application.

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Russian giant withdraws P3bn suit against BCL

Russian giant, Norilsk Nickel has reportedly withdrawn its P3 billion suit against BCL Ltd with the liberty to reinstate the proceedings at a later stage.