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The government has lost its appeal in the English High Court against a $111 million arbitration award in favour of Reliance Industries Ltd and Shell in a cost recovery dispute in the western offshore Panna-Mukta and Tapti oil and gas fields.
New Delhi, June 12: The Government has lost its appeal in the English High Court against a USD 111 million arbitration award in favour of Reliance Industries Ltd and Shell in a cost recovery dispute in the western offshore Panna-Mukta and Tapti oil and gas fields. High Court judge Ross Cranston on June 9, 2022 ruled that the government should have brought its objections over the arbitration tribunal not meeting the required thresholds, when issuing the 2021 award earlier, two […]
The government has lost its appeal in the English High Court against a $111 million arbitration award in favour of Reliance Industries Ltd and Shell in a cost recovery dispute in the western offshore Panna-Mukta and Tapti oil and gas fields.
In October 2019, Lebanese banks closed down, and while they did eventually reopen, there are severe restrictions on the withdrawal and transfer of funds and foreign currency transactions – known as "de facto" capital controls. In light of the impact that these restrictions have had on businesses, investors may be tempted to challenge them through recourse to investor-state arbitration.
The Government does not recognise the claims and arbitration proceedings by the French Arbitration Court in Paris which ordered Malaysia to pay approximately RM62.59 billion (US$14.92 billion) to the so-called descendants of the last Sultan of Sulu, the Dewan Rakyat was told Thursday