Steel Mills
October 22, 2016
Essar Steel Algoma Files Oppression Claim Against Essar Global Fund
Written by Sandy Williams
Essar Steel Algoma has filed a legal proceeding against Essar Global Fund and its affiliates charging that the Essar Group has engaged in a course of conduct that consistently preferred the interests of the Essar Group and, in particular, Essar Global Fund, to those of Algoma and its stakeholders.
This conduct, charges Algoma, includes the unfair and prejudicial transactions of long term control over Algoma’s port facilities. Algoma is declaring that agreements through the exercise of de facto control over Algoma by the Essar group constitute Oppression.
