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NTDC fails to recover Rs714m from Iranian firm - Newspaper

The NTDC had terminated the contract with the Iranian firm due to persistent delays on the part of the Iranian contractor. The project was eventually completed by another contractor. Dawn/File LAHORE: The National Transmission and Dispatch Company (NTDC) has failed to recover Rs714 million from an Iranian firm despite the award announced by the Paris-based International Chamber of Commerce (ICC) in April last year, Dawn learnt on Saturday. “A severe lack of on-time decision making, politics, appointment of a permanent MD, resignation of competent officers and other administrative issues are the major reasons behind the long delay in resolving various matters including recovery of Rs714m claims the NTDC had made before the ICC in a case filed by the Iranian firm against the company,” an official source told

A real staging post - Singapore shares joint billing with London as premier arbitration centre

A real staging post - Singapore shares joint billing with London as premier arbitration centre 07 May 2021 A real staging post - Singapore shares joint billing with London as premier arbitration centre Singapore and Hong Kong move up rankings as the status of Paris slips, according to major survey The SIAC huntergol hp; Shutterstock Singapore has ranked jointly with London as the world’s favourite arbitration centre in a survey of more than 1,200 in-house lawyers, arbitrators and practitioners. Some 54% of respondents to the 12th International Arbitration Survey, which was conducted by Queen Mary University of London (QMUL) and White & Case, identified the city state as one of their preferred seats, the same proportion who chose London.

Economic damage from vaccine nationalism

Economic damage from vaccine nationalism
straitstimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from straitstimes.com Daily Mail and Mail on Sunday newspapers.

Singapore hedge fund targets billions for trade finance

Singapore hedge fund targets billions for trade finance
straitstimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from straitstimes.com Daily Mail and Mail on Sunday newspapers.

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