You are viewing an obsolete version of the DU website which is no longer supported by the Administrators. Visit The New DU.
Democratic Underground Latest Greatest Lobby Journals Search Options Help Login
Google

British Court Hears Dubai Port Deal Case [View All]

Printer-friendly format Printer-friendly format
Printer-friendly format Email this thread to a friend
Printer-friendly format Bookmark this thread
This topic is archived.
Home » Discuss » Archives » General Discussion (01/01/06 through 01/22/2007) Donate to DU
tocqueville Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Feb-27-06 04:21 PM
Original message
British Court Hears Dubai Port Deal Case
Advertisements [?]
By JANE WARDELL, AP Business Writer
Mon Feb 27, 8:22 AM ET
LONDON - Lawyers for British shipping company Peninsular and Oriental Steam Navigation Co. told Britain's High Court on Monday that a U.S. company's legal challenge to P&O's takeover by Dubai Ports World was "woefully thin."

The High Court must approve the 3.9 billion pound ($6.8 billion) takeover which has caused consternation among some lawmakers in the United States for the deal to go ahead.

Monday's hearing had been expected to provide a routine rubber stamp, but Miami-based Eller & Co. filed a last-minute appeal Friday asking the court to deny approval. Eller cited a number of grounds for its objection, including a "real prospect" that U.S. authorities would revoke their approval of the deal.

Martin Moore, a lawyer for P&O, said Eller's case was "woefully thin" and the court should sanction the deal as quickly as possible.

http://news.yahoo.com/s/ap/20060227/ap_on_re_eu/ports_s...
Printer Friendly | Permalink |  | Top
 

Home » Discuss » Archives » General Discussion (01/01/06 through 01/22/2007) Donate to DU

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators


Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home  |  Discussion Forums  |  Journals |  Store  |  Donate

About DU  |  Contact Us  |  Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.

© 2001 - 2011 Democratic Underground, LLC