Sanctioned Dubai shipping company Virgo Marine is going to court in the UK to recover nearly £21m ($25.4m) from law firm Reed Smith in a dispute over a failed tanker deal.
Court documents filed at London’s High Court and seen by Law.com show that Virgo accuses Reed Smith of “negligently and wrongfully” breaching an agreement relating to a ship the company was trying to buy from Kibaz Shipping of the Marshall Islands.
