Region: Bangladesh

Bangladeshi state entities challenge ICSID award

Two Bangladeshi state-owned entities have applied to ICSID to annul a US$43 million award won by Canada’s Niko Resources in a decade-long arbitration over gas deliveries, as a billion-dollar case over liability for a blowout continues.

04 February 2022

Oil company takes Bangladesh to ICSID over tax bill

A subsidiary of Singapore-listed KrisEnergy has filed an ICSID claim against Bangladesh and its state-owned oil company Petrobangla in a dispute over a US$37 million tax bill on development costs at an oil block.

27 January 2022

ICSID panel decouples Bangladeshi gas disputes

An ICSID tribunal has issued a final award requiring a Bangladeshi state entity to pay Canada’s Niko Resources US$43 million for gas deliveries, decoupling the case from a parallel arbitration it has been hearing for the past decade.

12 October 2021

Paulsson resigns after challenge over parallel appointments

Jan Paulsson has resigned from an ICSID tribunal that will hear Niko Resources’ latest claim against Bangladesh after being challenged over appointments he has received from the Canadian oil and gas company in other arbitrations against the state.

31 August 2021

Paulsson challenged over parallel appointments

Ex-Three Crowns partner Jan Paulsson is the latest arbitrator to be challenged over his appointments in parallel cases, as Bangladesh seeks to remove him from an ICSID panel hearing a US$100 million claim by Canada’s Niko Resources over a gas field.

02 August 2021

Bangladeshi state agency liable at ICSID

Retired UK Supreme Court judge Lord Mance has issued an ICSID award requiring a Bangladeshi state agency to pay damages in a contract dispute over electricity pricing – after ruling he was bound by an earlier ICC award between the same parties.

14 April 2021

Bangladesh International Arbitration Centre (BIAC)

27 January 2020

Bangladesh International Arbitration Centre (BIAC)

03 January 2019

PowerPoint on corruption findings protected by privilege, says ICSID panel

Two Bangladeshi state entities' latest attempt to obtain evidence for corruption allegations against ICSID claimant Niko Resources has failed, after the tribunal ruled a PowerPoint presentation from an eight-year-old investigation is protected by legal privilege.

08 August 2017

India’s BIT recast continues

India is pressing on with its promised recast of its investment treaty framework, agreeing with Bangladesh a set of “joint interpretative notes” for their 2011 bilateral investment treaty.

19 July 2017

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