Legend International Holdings Inc. (OTCBB:LGDI) advises that Indian
Farmers Fertilizer Co-Operative and its Dubai domiciled subsidiary Kisan
International Trading have filed a claim in the Victorian Supreme Court
(Australia) to enforce an order of the Singapore International
Arbitration Centre against the Company and Mr Joseph Gutnick. Under the
order, the Company and Mr Gutnick are to pay IFFCO and Kisan a total of
US$12.35 million and US$28.05 million, plus interest, respectively.
The Company and Mr Gutnick have instructed their Australian attorneys to
vigorously defend the enforcement of the claim on the basis that the
award was contrary to public policy of Australia and the rules of
natural justice.
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