In Manhattan federal court entered a request for the Implementation of the decision of the international arbitration commission in excess of $ 100 million for the benefit of the Israeli diamond magnate Lva Levaeva, according to IDEX Online, citing US media.
An international team of qualified diamanters after the hearing decided in favor of the company LGC USA in a dispute with a former business partner of Leviev, Julius Klein Group.
Julius Klein Group contested decision, claiming that one of the three members of the arbitration panel was convicted of tax offenses in Belgium.
Julius Klein Group lawyers appealed to the court for a decision not to enter into force, however, Judge Endryu Karter, Jr. (Judge Andrew L. Carter Jr.) has agreed only to reduce the amount.
Reports say that the amount of the solution is much higher than $ 100 million.
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Holding Hong Kong Exchanges and Clearing Limited, owner of the Hong Kong Stock Exchange (Hong Kong Stock Exchange, HKEX) , and the Shanghai Gold Exchange (Shanghai Gold Exchange, SGE) signed a non-binding memorandum of understanding aimed at the joint development of the precious metals industry and related markets in China , according to JNA agency.
"SGE is committed to innovation and greater openness of the gold market in China to better serve the gold industry, and promote the internationalization of the RMB," - said the chairman of SGE Jinpa Jiao (Jiao Jinpu).
Gold consumption in China reached 985.9 tons in 2015, an increase of 3.66% compared to the same period of 2014, with most of the demand came in the jewelry industry. It was reported earlier in the China Gold Association (China Gold Association).
"This is another important step in the development of business HKEX raw product groups. Our MOU with SGE gives us a good basis for policy dialogue and closer cooperation in order to introduce more attractive products and investment opportunities," said Executive Director of HKEX Charles Lee.
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