Trade credit insurer Bond and Credit Company (BCC) has lost an appeal against an Australian judge’s decision forcing it to pay A$7.2mn (US$4.9mn) to a trade financier, after refusing to pay out on a policy covering deals with since-defunct trader Phoenix Commodities. Two out of a panel of three New South Wales Court of Appeal…| Global Trade Review (GTR)
Singapore-headquartered trader Triumph Global is suing embattled insurer Bond & Credit Company (BCC) in Australia over unpaid claims arising from the collapses of Rhodium Resources and Longview Resources. Triumph’s Hong Kong subsidiary entered into four commodity trades with Rhodium and another with Longview in early 2020, with a total value of just under €21.5mn, court…| Global Trade Review (GTR)
Trade credit insurer Bond and Credit Company (BCC) denies it should pay out €18mn to a commodity trader for unpaid debts following the collapses of traders Rhodium and Longview, in a sprawling case that has also dragged in broker Marsh. Singapore-headquartered trader Triumph Global filed a lawsuit against BCC last year attempting to recover funds ...| Global Trade Review (GTR)
