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120+days+to+annul+60+million+dollar+hedging+deal+verdict
Saturday, 03 November 2012 - 7:54
120 days to annul 60 million dollar hedging deal verdict
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Minister of Petroleum Industries Susil Premjayantha states that the necessary steps will be taken through the attorney general against the ruling made by a United States based arbitrator regarding the hedging deal.

The United States based arbitrator has ruled n favour of the bank and that the CPC would have to pay 60 million US dollars to the Deutsche Bank.

However, the minister also stated that there are 120 days to annul this decision.

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