London court rejects ArcelorMittal's appeal against Essar Steel

The high court order of March 30 came as ArcelorMittal looked to enforce a $1.5-billion arbitral award stemming from a soured supply agreement.

The Court of Appeal in London has dismissed an application filed by ArcelorMittal seeking permission to appeal against the London High Court’s judgment that refused a worldwide freezing order against the parent company of Essar Steel and members of promoter family.
 

“The Court of Appeal’s decision given by Lord Justice Newey on April 21, 2020, concluded that Arcelor Mittal USA’s (AMUSA) appeal had no real prospect of success and there was no other compelling reason for the Court of Appeal to hear it,” Essar said in a statement.
 

The high court order of March 30 came as ArcelorMittal looked to