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UK court orders arrest of Nicaraguans for non-payment of ADM rice

2015-08-14 14:40:41| Agriculture - Topix.net

London's High Court has issued an arrest order against the owner and a senior officer of a Nicaraguan grains business for failing to pay millions of dollars owed to commodities house Archer Daniels Midland for rice imports, ADM and court papers said. The case highlights a trend in which falling commodity prices have led to an increase in requests through courts for worldwide asset-freezing orders against companies that have not met the terms of their sales contracts.

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