Wallace achieves resounding success for clients in US$1.2 billion Commercial Court fraud claim brought by Vale — Wallace LLP

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Wallace achieves resounding success for clients in US$1.2 billion Commercial Court fraud claim brought by Vale — Wallace LLP

Monday 28 February, 2022
Wallace has obtained a stunning success for three individual defendants to a US$1.2 billion Commercial Court fraud claim brought by companies within the Brazilian Vale group, one of the largest mining and metals conglomerates in the world.
The dispute related to a failed joint venture dating back to 2010 for the development of an iron ore mining project in the Simandou region of Guinea between Vale and BSGR…
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