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Regions :: Middle East :: Kuwait

Kuwait Launches Probe into Big K-Dow Fine; Politicians in Dispute

5:56 AM MDT | 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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Comments (1) for Kuwait Launches Probe into Big K-Dow Fine; Politicians in Dispute
1.
This case shows how vital are the use of independent and experienced-and-best-practice-based knowledge of resources in negotiating, designing, implementation and administering of a major partnership such as this falied mega-deal between Kuwait and Dow. It goes far beyond just involving lawyers, politicians and internal resources !
Posted by Aman Amanpour on Wednesday, May 30, 2012 @ 03:18 AM










 
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