Astor Management, a private company based in Switzerland, plans to pursue European copper producer Atalaya Mining in the UK Supreme Court for $18 million in so-called "uptick payments", the Swiss company said on Thursday November 15.
An earlier dispute over loans and investment agreements between the companies in the years between 2000 and now was settled by the UK High Court and Court of Appeal.Those court rulings said that the $18 million still in dispute would comprise "uptick payments", which was defined as additional payments to be paid to Astor if the...