HSF Warned ENRC Of African Mining Risks, Dechert Says

Law360, London (June 7, 2021, 4:14 PM BST) -- Eurasian Natural Resources Corp. plowed ahead and bought mining rights in Africa despite warnings about links to allegedly corrupt businessmen because the profits were too great, an attorney for Dechert LLP claimed on Monday at a massive civil fraud trial in London.

Herbert Smith Freehills told the mining giant in 2009 and 2010 that its plans to expand into Africa could violate sanctions, the High Court was told. (iStock) Herbert Smith Freehills LLP told the Kazakh mining company in 2009 and 2010 that its plans to expand into Africa could violate sanctions imposed by Britain, Europe and the U.S. and lead to...

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