Award challenge upheld in Indian oil and gas dispute

The English Commercial Court has partly upheld a challenge by India’s Reliance Industries and its partner BG Group to an UNCITRAL award issued in favour of the Indian government in a US$1 billion dispute over oil and gas fields, ruling that the tribunal’s failure to consider an issue relating to cost recovery had given rise to a “substantial injustice.”


Get unlimited access to all Global Arbitration Review content