ICSID Refuses To Reconsider Decision Ordering Immediate $25M Payment

(November 15, 2016, 1:35 PM EST) -- WASHINGTON, D.C. — Tribunal members for the International Centre for Settlement of Investment Disputes (ICSID) on Nov. 14 released a decision refusing to reconsider a recent order in which a Bangladesh oil and gas company was ordered to immediately pay a $25,312,747 arbitration award, plus 139,988,337 Bangladesh Taka and interest (Niko Resources [Bangladesh] Ltd. v. People's Republic of Bangladesh, et al., Nos. ARB/10/11 and ARB/10/18, ICSID)....

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