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Regions :: Middle East

Kuwait Forms Panel to Investigate Dispute with Dow Chemical

3:34 AM MDT | June 19, 2012 | Natasha Alperowicz

The Kuwaiti government on Monday approved the line-up of a committee, proposed by the Prime Minister Sheikh Jaber Al-Mubarak Al-Hamad Al-Sabah, to investigate the repercussions of a recent ruling by the International Court of Arbitration of the International Chamber of Commerce (ICC) against Kuwait’s Petrochemical Industries Co. (PIC; Kuwait City) in favor of Dow Chemical, according to the state news agency Kuna. The four-member committee, headed by Adnan Ahmad Shehabeddine, will probe all aspects of the failed K-Dow joint venture, especially the clause...

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