|Help

Niko Resources (Bangladesh) Ltd. v. Bangladesh Oil Gas and Mineral Corporation (Petrobangla), Bangladesh Petroleum Exploration and Production Company Limited (Bapex) (II), ICSID Case No. ARB/10/18 - Journal of Damages in International Arbitration, Vol.8 No.1

Author(s): 
Carson W. Bennett
Page Count: 
8 pages
Media Description: 
1 PDF Download
Published: 
August, 2023
Jurisdictions: 
Bangladesh
Practice Areas: 
Energy,
Ad hoc,
Applicable Law,
Arbitral Awards,
Appeal to Arbitral Tribunal and Annulment,
Court Decisions,
ICSID,
Parties,
Sources of Arbitration Law,
Arbitral Decisions,
Judicial Decisions
Tags: 
Oil and Gas,
Contracts,
Joint Venture Agreement

PDF712.18 KB

$40.00
Description: 

Originally from the Journal of Damages in International Arbitration

Preview Page

Award September 24, 2021

Annulment

Pending (ICSID ad hoc committee: Eduardo Zuleta, Claudia Annacker and Makhdoom Ali Khan)

The Parties

Niko Resources (Bangladesh) Ltd. (Niko or Claimant)

Bangladesh Oil Gas and Mineral Corporation (Petrobangla) and Bangladesh Petroleum Exploration and Production Company Limited (Bapex) (jointly, Respondents)

Sector

Oil and Gas

Applicable Law

Contract (Joint Venture Agreement)

Members of the Tribunal

Michael Schneider (president), Jan Paulsson (Claimant’s appointee) and Campbell McLachlan (Respondents’ appointee)

I.  Background

This long-running dispute is one of several International Center for Settlement of Investment Disputes (ICSID) arbitrations launched by Niko and its affiliates concerning the company’s operations in Bangladesh.