Johannesburg - MTN Group [JSE:MTN] on Monday confirmed that
a US court had put on hold the $4.2bn lawsuit against it by Turkish rival Turkcell,
pending a separate US Supreme Court decision.
The US Supreme Court had heard oral arguments in a high
profile case against Royal Dutch Shell this month, a case which may determine
whether foreign corporations can be sued in US courts under an 18th century
The outcome of that decision is likely to determine whether
Turkcell can go ahead with its suit against MTN, which claims the mobile
operator used bribes and other underhanded means to obtain its license in Iran,
which was originally awarded to Turkcell.
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