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Posted AT 5:45 PM EST on 27/08/08

Swift Supreme Court decision sought for ABCP

Reuters

OTTAWA — Both sides involved in a dispute over a restructuring plan for asset-based commercial paper (ABCP) asked the Supreme Court of Canada Wednesday to expedite any hearings it might hold on the matter. “We're seeking a hearing by the end of September,” said Howard Shapray, a lawyer for Ivanhoe Mines, which is opposing the plan to restructure the market worth $32-billion before trading stalled last summer.

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