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The UK is being threatened with a £1bn compensation claim from Chinese steelmaker Jingye after the move to nationalise Scunthorpe steelworks. Not through UK courts, but through private corporate courts. This comes on top of 2 #ISDS cases already facing the UK. www.theguardian.com/business/202...
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Sources say firm is asking for more than £1bn in row that could put pressure on two countries’ relationship
www.theguardian.com
China’s Jingye seeks compensation from UK over British Steel takeover
Trade Justice Movement