Region: Bangladesh

A prominent Bangladeshi businessman has threatened to bring an ICSID claim against Bangladesh after the new governor of its central bank accused him of helping to siphon off US$10 billion from the country’s banking sector. 

20 November 2024

Bangladesh has agreed to mediation with the holder of a two-decade-old ICC award to resolve a dispute over asset discovery after obtaining a stay of US arrest warrants issued against two visiting state officials. 

28 October 2024

A Thai construction company has failed to persuade a SIAC tribunal to provisionally restrain a group of Chinese state-owned entities from taking control of a billion-dollar highway project in Bangladesh.

23 October 2024

A Thai construction company has filed for SIAC arbitration against Chinese state-controlled entities as they battle for control of a billion-dollar highway project in Bangladesh. 

07 October 2024

Chevron has brought an ICSID claim against Bangladesh and its state-owned company Petrobangla, which reportedly owes the US oil giant US$260 million in gas supply payments.

04 September 2024

An ICSID committee has upheld a US$43 million award against two Bangladeshi state-owned entities over gas deliveries, finding “no self-evident error” in the tribunal’s conclusion that it had jurisdiction despite the claimant’s Canadian parent company pleading guilty to bribing a minister.

13 October 2023

As Bangladesh contends with an energy crisis, details of two concluded arbitrations against state entities in that sector have come to light – including one where a contractor unsuccessfully argued that an influx of Rohingya refugees from Myanmar prevented it from building a solar park.

20 September 2023

Two Bangladeshi state-owned entities have applied to ICSID to annul a US$43 million award won by Canada’s Niko Resources in a decade-long arbitration over gas deliveries, as a billion-dollar case over liability for a blowout continues.

04 February 2022

A subsidiary of Singapore-listed KrisEnergy has filed an ICSID claim against Bangladesh and its state-owned oil company Petrobangla in a dispute over a US$37 million tax bill on development costs at an oil block.

27 January 2022

An ICSID tribunal has issued a final award requiring a Bangladeshi state entity to pay Canada’s Niko Resources US$43 million for gas deliveries, decoupling the case from a parallel arbitration it has been hearing for the past decade.

12 October 2021