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Mozambique ‘tuna bond’ case against Credit Suisse can proceed, UK judge rules

FILE PHOTO: Logo of Swiss bank Credit Suisse is seen in Bern

By Kirstin Ridley

Mozambique’s blockbuster lawsuit against Credit Suisse and others over the $2 billion “tuna bond” scandal can proceed to trial, a London judge ruled on Monday, 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 Oct. 2.

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