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ALB Malaysia Rising Stars 2021 | Asian Legal Business legalbusinessonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from legalbusinessonline.com Daily Mail and Mail on Sunday newspapers.
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Friday, 08 Jan 2021 04:22 PM MYT BY ASHMAN ADAM Science, Technology and Innovation Minister Khairy Jamaluddin speaks during the launch of the Malaysia Grand Challenge in Putrajaya January 8, 2021. Picture by Shafwan Zaidon Subscribe to our Telegram channel for the latest updates on news you need to know. KUALA LUMPUR, Jan 8 Umno MP Khairy Jamaluddin took to his Instagram today sarcastically dissing his party’s secretary general, Datuk Seri Ahmad Maslan for claiming Umno was upset with the Perikatan Nasional (PN) government over several court cases. The Science, Technology, and Innovation Minister said that Ahmad’s statement does not represent the party. “Please don’t speak on behalf of the party when it comes to this. More like you and a few others want to see executive interference in the judicial process. Then we are no better than Tommy Thomas and (Lim) Guan Eng,” he said on his Instagram story. ....
Govt of India v. Vedanta Ltd & Ors Civil Appeal No. 3185 OF 2020 (Arising out of SLP (Civil) No.7172 of 2020 Background facts On October 28, 1994, a Production Sharing Contract (PSC) was executed between the parties and Oil and Natural Gas Corp Ltd (ONGC) for development of Ravva Oil and Gas Field (Ravva Field). Subsequently, disputes arose between parties with respect to recovery of development costs, which were referred to arbitration seated in Malaysia. On January 18, 2011, Arbitral Tribunal in Malaysia passed an Award (Award) whereby the Govt of India (GoI) was directed to pay an amount of USD 278.87 million to Vedanta. Pursuant to the same, in April 2011, Vedanta made certain ....
To print this article, all you need is to be registered or login on Mondaq.com. INTRODUCTION Historically, investors whose investments were expropriated or nationalised by the Host State had few rights of redress. The options were limited to seeking to enforce their rights in the national courts of the Host State or appeal to their own Home State to place commercial, diplomatic, or military pressure on the Host State depending on the nature of the said investment. However, the international community has taken a conscious step to promote investment into developing nations by creating avenues for foreign investors to protect their rights over the last 50 ....