LME says court refuses permission to appeal warehouse ruling

LONDON, April 16 Wed Apr 16, 2014 6:50am EDT

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LONDON, April 16 (Reuters) - The London Metal Exchange (LME) said the High Court on Wednesday refused permission to launch an appeal to a ruling last month which halted an LME reform aimed at reducing logjams at its global network of warehouses.

The LME said it was taking legal advice on whether to move to the next stage in seeking to appeal by applying to the Court of Appeal or whether it should launch a fresh consultation with stakeholders on its warehousing policy. (Reporting by Eric Onstad; editing by Jason Neely)

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