BANGLADESH INTERNATIONAL ARBITRATION CENTRE
The Institution for Alternative Dispute Resolution
Bangladesh has won an international arbitration on February 28 against Niko, the Canadian company responsible for the blowout in the Chhatak gas field (Tengratila neighbourhoods) in Sunamganj in 2005.
Counsel representing Bangladesh against Niko said in a recently published interview
“The timely and priceless support from the prime minister, the law minister, the state minister for energy and top energy sector officials made the [victory over Niko] possible.
International arbitration cases are often complex and require special expertise. ….. all developing nations, not just Bangladesh, often face an uphill task in successfully defending cases before international tribunals. This is where the question of leadership comes in. Without effective political will and leadership the sovereign states generally lose out.”