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Louis Dreyfus Armateurs settles entire $7.16 mn in arbitration award on failed contract


May 24, 2021
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LDA paid the award amount to the government in three tranches with the final instalment in October last year
India has executed the $7.16 million award issued against French shipping firm Louis Dreyfus Armateurs SAS (LDA) relating to a failed cargo terminal contract at state-owned Kolkata Port Trust.
This was confirmed by the government and Foley Hoag LLP, the U.S.-based law firm that acted as the counsel to the Indian government in the arbitration and the subsequent enforcement proceedings.
“India has already executed the $7.16 million award issued against LDA in the underlying arbitration through enforcement proceedings in France. LDA has settled the entire amount due under the award,” said Sudhanshu Roy, International Associate at Washington-based Foley Hoag LLP. ....

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Cyclone Yaas: All vessels to be taken inside dock, ships tied properly to avoid loss at Kolkata port


›Cyclone Yaas: All vessels to be taken inside dock, ships tied properly to avoid loss at Kolkata port
Cyclone Yaas: All vessels to be taken inside dock, ships tied properly to avoid loss at Kolkata port
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Cyclone Yaas: All vessels to be taken inside dock, ships tied properly to avoid loss at Kolkata portPTI
Last Updated: May 24, 2021, 04:57 PM IST
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Synopsis
No ships will be kept in river anchorages or jetties and all vessels in impound docks will be secured with additional mooring ropes and all masters to be advised to stay alert. It said all survey launches have been advised to move to safe locations, and tugs and launches will be kept in the river for any emergencies. ....

West Bengal , Haldia Dock , Narendra Modi , Syama Prasad Mookerjee , India Meteorological Department , National Disaster Response , Kolkata Port , Syama Prasad Mookerjee Port , Kolkata Port Trust , Kolkata Dock System , Haldia Dock Complex , Odisha West Bengal , Sagar Islands , Prime Minister Narendra Modi , Air Force , Disaster Response Force , National Disaster Response Force , மேற்கு பெங்கல் , ஹால்டியா கப்பல்துறை , நரேந்திர மோடி , சியாமா பிரசாத் முகர்ஜி , இந்தியா வானிலை துறை , தேசிய பேரழிவு பதில் , கொல்கத்தா போர்த் , சியாமா பிரசாத் முகர்ஜி போர்த் , கொல்கத்தா போர்த் நம்பிக்கை ,