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Sovereign Wealth Funds Briefing - Categorized | Compliance/Regulation/Legal, Market

Excess Crude Account: States offer new settlement terms

Posted on 26 September 2012

States are demanding a sweeping change in the way the Federal Government has been handling monies accruing to the central purse as part of their condition to drop their suit challenging the legality of the Excess Crude Account (ECA).
They have proposed new conditions to resolve the lingering dispute between them and the Federal Government over illegal deductions from the Federation Account………………………………………..Full Article: Source

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