Arbitration intended to determine the validity of the Indian government’s $1.55 billion compensation demand from Reliance Industries for “unfairly” producing gas from Oil & Natural Gas Corporation’s adjacent block is expected to soon get under way.
Singapore-based arbitrator Lawrence Boo was appointed to preside over the panel that will determine the validity of the government’s claim.
The government has appointed former Supreme Court Judge GS Singhvi as its nominee on the three-member arbitration panel, while Reliance has named former UK High Court Judge Bernard Eder as its advocate.
India’s
