Mozambique Seeks To Split Sprawling $2B Debt Scandal Trial
Law360, London (July 19, 2021, 6:22 PM BST) -- Mozambique urged a London judge on Monday to split up its sprawling litigation against Credit Suisse and an Abu Dhabi-based shipbuilder over a $2 billion corruption scandal to prevent the case descending into "litigation chaos."
The Republic of Mozambique argued at a High Court case management hearing that allegations Privinvest Shipbuilding SAL bribed the country's government officials should be heard as a "phase one" trial alongside the company's claim the suit belongs in arbitration.
The government of Mozambique is suing the shipbuilder and its billionaire owner Iskandar Safa over allegations the contracts were a front for a kickback scheme and that...
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