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A British High Court judge froze VietJet’s global assets, including aircraft orders and ticket revenue, over unpaid leasing debts to London fund FitzWalter Capital.
Counsel for the Malaysian state fund told the Federal Court that terms are under negotiation ahead of an October 26 High Court hearing.
The legal action follows last year’s recall of Lean Screen SPF50+, which shared a base formula with nearly 20 other sunscreen brands.
The Chinese display maker claims its South Korean rival undercut prices by rebranding standard LED screens to win back lost US market share.
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