A unit of Delta Corp Holdings is pursuing $31m in claims in a contract dispute with Dubai’s OQ Trading.
The two sides have been locked in London arbitration and London-headquartered Delta has just filed an asset seizure lawsuit in New York, court records show.
Delta Corp Shipping, a Singapore affiliate of the bulk logistics company that is seeking a US listing, has alleged in the New York lawsuit that OQ breached a contract of affreightment.
