ERG Can Keep Legal-Bill Suit Secret, Frustrating Prosecutors
- Public hearings could prejudice ERG in criminal probe
- U.K.'s SFO probing ERG bribery allegations since 2013
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Eurasian Natural Resources Corp. won a U.K. appeals court ruling allowing it to keep a fight with a law firm over fees secret in a bid to prevent prosecutors from using the hearings to aid a bribery probe.
Dechert billed ENRC for 16.3 million pounds ($23.4 million) for advice during an internal fraud investigation at the metal producer. The company, which changed its name to Eurasian Resources Group when it delisted in 2013, fired the law firm in March of that year.