{"id":4501,"date":"2020-07-18T09:15:50","date_gmt":"2020-07-18T09:15:50","guid":{"rendered":"https:\/\/dailykashmirpost.com\/eng\/?p=4501"},"modified":"2020-07-18T09:15:50","modified_gmt":"2020-07-18T09:15:50","slug":"reasons-why-pakistan-loses-international-arbitration","status":"publish","type":"post","link":"https:\/\/dailykashmirpost.com\/eng\/2020\/07\/18\/reasons-why-pakistan-loses-international-arbitration\/","title":{"rendered":"Reasons why Pakistan loses international arbitration"},"content":{"rendered":"<p class=\"\">PAKISTAN lost two international arbitration cases in quick succession over the last two months, involving more than $900 million compensation payable to local and international business firms.<\/p>\n<p class=\"\">In the first case, the World Bank\u2019s International Centre for Settlement of Investment Disputes (ICSID) awarded around $800m compensation to Karkey Karadeniz Elektrik Uretim of Turkey in a rental power case and held that Pakistan \u201cexpropriated\u201d Karkey\u2019s assets.<\/p>\n<p class=\"\">Weeks later, the London Court of International Arbitration (LCIA) asked Pakistan in its final arbitration award to pay around Rs14 billion ($135m), including a markup, to a group of nine local power producers for breaching contractual obligations.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>PAKISTAN lost two international arbitration cases in quick succession over the last two months, involving more than $900 million compensation payable to local and international business firms. In the first case, the World Bank\u2019s International Centre for Settlement of Investment Disputes (ICSID) awarded around $800m compensation to Karkey Karadeniz Elektrik Uretim of Turkey in a [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":4502,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[41],"tags":[],"class_list":{"0":"post-4501","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-international"},"_links":{"self":[{"href":"https:\/\/dailykashmirpost.com\/eng\/wp-json\/wp\/v2\/posts\/4501","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dailykashmirpost.com\/eng\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dailykashmirpost.com\/eng\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dailykashmirpost.com\/eng\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dailykashmirpost.com\/eng\/wp-json\/wp\/v2\/comments?post=4501"}],"version-history":[{"count":1,"href":"https:\/\/dailykashmirpost.com\/eng\/wp-json\/wp\/v2\/posts\/4501\/revisions"}],"predecessor-version":[{"id":4503,"href":"https:\/\/dailykashmirpost.com\/eng\/wp-json\/wp\/v2\/posts\/4501\/revisions\/4503"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dailykashmirpost.com\/eng\/wp-json\/wp\/v2\/media\/4502"}],"wp:attachment":[{"href":"https:\/\/dailykashmirpost.com\/eng\/wp-json\/wp\/v2\/media?parent=4501"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dailykashmirpost.com\/eng\/wp-json\/wp\/v2\/categories?post=4501"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dailykashmirpost.com\/eng\/wp-json\/wp\/v2\/tags?post=4501"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}