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Kuwait Launches Probe into Big K-Dow Fine; Politicians in Dispute
May 29, 2012 | Natasha Alperowicz
The Kuwaiti government launched a probe yesterday into the recent ruling by an international arbitration court that ordered Kuwait to pay $2.16 billion in compensation to Dow Chemical for the December 2008 scrapping of their proposed K-Dow petrochemicals joint venture. The government formed a ministerial committee, including the minister of finance as chairman and the ministers of justice and information, to study legal and practical ways to deal with the ruling “to minimize losses and damages," according to a statement issued after the Kuwaiti...
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