The Pakistan government has won an international arbitration case filed by Malaysian firm Sabah Shipyard which claimed a US$510 million compensation for the non-implementation of a power project in Karachi. The sole arbitrator, appointed by the Paris-based International Chamber of Commerce, also ruled that the Malaysian firm must pay full legal costs amounting to…
PAKISTAN: Malaysia’s Sabah Shipyard loses claim for US$510m compensation on power project in Karachi
Posted on January 7, 2005 by EnergyAsia