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CPC gets $ 2.5mn as legal fees

29 December 2011 09:40 am - 9     - {{hitsCtrl.values.hits}}

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A Singapore arbitration panel has ordered CITI Bank to pay $2.5 million to Ceylon Petroleum Cooperation (CPC) as legal fees for the Hedging case, the Petroleum Ministry stated.
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  • Sarath Friday, 30 December 2011 12:50 AM

    It seems many have forgotten that CPC won the arbitration against Citibank and saved US$ 264 million already.

    Nicky Karunarathna Friday, 30 December 2011 05:02 AM

    Guys don't ask about the petrol prices but ask the newspaper men and others who burn their midnight oil about this deal and criticising the government about loss!

    Wara Thursday, 29 December 2011 10:22 AM

    Very good !!

    jay Thursday, 29 December 2011 10:39 AM

    Wonder if we will get a price reduction in fuel even now...

    Most likely they will increase the prices !

    SL Thursday, 29 December 2011 12:07 PM

    A happy news after a loooong time.
    well done guys.
    pls do not repeat same error agian

    M Y Thursday, 29 December 2011 12:11 PM

    Here after in sri lanka,price of fuel will never reduced under any circumstances.Even the cost of fuel price comes down 1 cents.

    people Thursday, 29 December 2011 01:36 PM

    Ok.. why don't you tell us the amount of legal fees we paid on thee lost case on the same subject?

    Nodrog Thursday, 29 December 2011 02:39 PM

    No need to be happy......petty cash compared to what we have alreay spent or lost!

    lk Thursday, 29 December 2011 02:40 PM

    so fuel prices will reduce?


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