When corporate overconfidence collides with harsh judicial results, a potentially heavy financial penalty hangs over Sibanye-Stillwater’s head.
Last week, a UK high court sided with Appian Capital Advisory, which lodged a claim for damages against Sibanye for backing out of a $1.2bn (R21bn) to buy two mines in Brazil on the grounds that a geotechnical incident had trashed the transaction’s commercial logic. ..
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