Indian Court To Hear Bid For $1.7B In Bhopal Payments

Law360, New York (February 28, 2011, 7:58 PM EST) -- The Supreme Court of India will hear petitions from the Indian government seeking an additional $1.7 billion from Union Carbide Co. for the victims of a 1984 gas leak at a plant in Bhopal, according to a notice sent to the company Monday.

Union Carbide has already paid $470 million to the Bhopal victims as part of a settlement reached in 1989, but the Indian government says that the figure should be reconsidered in light of inflation and other factors.

In notices sent to Union Carbide...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.