International Arbitration

Reliance Industries, BP withdraw international arbitration over gas price against govt

RIL and BP had in May 2014 filed an international arbitration after the Election Commission forced deferment of implementation of a new pricing formula the previous UPA government had approved for pricing of RIL-BP's eastern offshore KG-D6 and other gas.

GMR wins int'l arbitration against Maldives, gets $270 million payout

GMR Group today said it has won an international arbitration against the Maldives government and has been awarded USD 270 million as compensation from the island nation after its contract to build an international airport in Male was arbitrary cancelled.

Loop investor KHML drags govt to intl arbitration for cancelled telecom licences

Loop Telecom's investor Khaitan Holdings (KHML) today dragged the Indian government to international arbitration, seeking close to $2.5 billion in damages for its cancelled telecom licences.