Pakistan Settles $846M Dispute With Turkish Energy Co.
Law360 (November 5, 2019, 6:15 PM EST) -- The government of Pakistan has settled an $846 million dispute with a Turkish energy company stemming from a soured rental power project that the country claimed was tainted by corruption.
Pakistani Prime Minister Imran Khan wrote on Twitter on Monday that the government had "amicably resolved" the dispute with Karkey Karadeniz Elektrik Uretim AS with the help of Turkish President Recep Tayyip Erdoğan.
Karkey likewise acknowledged that a settlement had been reached, saying in a statement Tuesday that exchanges between the two leaders at the United Nations General Assembly this year "led to positive developments regarding the amicable settlement of the...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!