BNP is fighting aerospace company for more than £ 2million in damages

By Silvia Martelli (October 1, 2021, 5:54 p.m. BST) – BNP Paribas has hit back at a British aerospace company in a dispute over a sour deal to build a rocket test facility, as the French bank says it has completed the project on time.

BNP Paribas Depositary Services Ltd. and its Jersey branch filed a defense in the High Court on September 27, dismissing claims that they should pay damages to Reaction Engines Ltd. for an agreement to build an aerospace testing facility that deteriorated after failed construction plans. .

The French bank’s subsidiary and the aerospace company struck a deal in 2017 whereby BNP would employ a construction company to …

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