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Niko Resources (Bangladesh) Limited v Bangladesh Petroleum Exploration & Production Company Limited ('Bapex') and Bangladesh Oil Gas and Mineral Corporation ('Petrobangla'), Decision on the corruption claim, ICSID Case No ARB/10/11, ICSID Case No ARB/10/18, IIC 1608 (2019), 25th February 2019, United Nations [UN]; World Bank; International Centre for Settlement of Investment Disputes [ICSID]

Niko Resources (Bangladesh) Limited v Bangladesh Petroleum Exploration & Production Company Limited ('Bapex') and Bangladesh Oil Gas and Mineral Corporation ('Petrobangla'), Decision on the corruption claim, ICSID Case No ARB/10/11, ICSID Case No ARB/10/18, IIC 1608 (2019), 25th February 2019, United Nations [UN]; World Bank; International Centre for Settlement of Investment Disputes [ICSID]

From: Investment Claims (http://oxia.ouplaw.com). (c) Oxford University Press, 2015. All Rights Reserved. date: 12 December 2019

1. This is the fifth Decision by the Tribunals in these Arbitrations, not counting the numerous procedural orders by which the Tribunals had to decide complex procedural issues. The dense record thus generated is a good indication of the complexity of this dispute and explains much of the long duration of these Arbitrations. This complexity arises from a number of factors, among which the fact that they concern two different contracts concluded by the Claimant with different parties in Bangladesh — a Joint Venture Agreement of 16 October 2003 between the...
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