BIT:MAIREConstruction
What Maire (BIT:MAIRE)'s Escalating EuroChem Legal Battle Means For Shareholders
Italian engineering group Maire is embroiled in an escalating cross-border legal battle with EuroChem over a halted Russian fertiliser complex, with conflicting Russian and Western court rulings and recent Bombay High Court restrictions creating material uncertainty for its contracts and financing outside Russia.
The push by Maire to secure interim relief from the High Court of England and Wales underscores how enforcement of Russian judgments abroad has become a potential threat to the...