Setback in dead man’s quarter-century legal feud with former partner

The estate of a now-deceased South Africa-based steel trader has had a set-back in a quarter-century long legal battle with his New Zealand-based business partner. Despite arguments that it needed access to the US $35 million that was paid into court by the defendant in order to pay back a “ruinous” litigation loan and continue its legal fight, the New Zealand court declined to do so until the final liability has been determined. More from

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