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Niko Resources (Bangladesh) Limited v Bangladesh Petroleum Exploration and Production Company Limited (Bapex) and Bangladesh Oil Gas and Mineral Corporation (Petrobangla), Decision on implementation of the decision on the payment claim, ICSID Case No ARB/10/11, ICSID Case No ARB/10/18, IIC 737 (2015), 14th September 2015, United Nations [UN]; World Bank; International Centre for Settlement of Investment Disputes [ICSID]

Niko Resources (Bangladesh) Limited v Bangladesh Petroleum Exploration and Production Company Limited (Bapex) and Bangladesh Oil Gas and Mineral Corporation (Petrobangla), Decision on implementation of the decision on the payment claim, ICSID Case No ARB/10/11, ICSID Case No ARB/10/18, IIC 737 (2015), 14th September 2015, 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: 19 August 2019

1. These two arbitrations concern an investment project that successfully commenced the development of a marginal and previously abandoned gas field ( the Feni Field ), leading to the production and sale of important quantities of gas. It then ran into two difficulties: during attempts to develop another field, the Chattak Field , two blow-outs occurred, causing damage to the well and the environment as to the responsibility for which there is a dispute (which has given rise in these arbitrations to the Claim for a so-called Compensation Declaration by which in...
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