Mozambique ‘tuna bond’ case against Credit Suisse can proceed, UK judge rules
MOZAMBIQUE'S blockbuster lawsuit against Credit Suisse and others over the $2 billion "tuna bond" scandal can proceed to trial, a London judge ruled, despite complaints that the African nation has failed to fully disclose documents. High Court Judge Robin Knowles said it was not just, proportionate or necessary to strike out the complex case, which encompasses 11 sets of proceedings, three months before a London trial scheduled to start on October 2. But he warned: "At trial, all alternatives, including to strike out and in whole or in part, remain available." The tuna bond or "hidden debt" case has triggered litigation…
