American Arbitration Association ('AAA'): Bechtel Enterprises International Ltd, et al v Overseas Private Investment Corporation (AAA Case No. 50 T195) (3 September 2003)
Article from: OGEL 1 (2004), in International Oil, Gas & Energy Dispute Management
Introduction
The AAA Arbitration Panel (the 'Panel') ordered the Overseas Private Investment Corporation ('OPIC') to compensate Bechtel Enterprises International Ltd ('Bechtel'), Ben Dabhol Holdings Ltd. and Capital India Power Mauritius I ('CIPM') for 'total expropriation' of its investment in a power project in India. The claimants filed a request for arbitration with the International Center for Dispute Resolution of the American Arbitration Association on 3 October 2002 and 9 October 2002. This arbitration was brought under their insurance policies with OPIC effective 1 August 1999. OPIC is ...