Abitibi Starts $500-Million Challenge
Submitted by Manish Verma on Fri, 02/26/2010 - 22:13
Insolvent pulp-and-paper giant AbitibiBowater Inc. has initiated a $500-million free-trade challenge to fight what it reveals is the illegal expropriation of its assets in Newfoundland and Labrador.
The challenge is reported to lie under Chapter 11 of the North American Free Trade Agreement.
