The Deutsche Bank has filed arbitration proceedings against the Sri Lanka government over the oil hedging deals with the Ceylon Petroleum Corporation (CPC) with its claim registered a few days ago with the International Centre for Settlement of Investment Disputes, authoritative official sources said yesterday.This follows similar proceeding already filed by Citibank.While Deutsche had claimed that the Sri Lanka government had violated the Bilateral Investment Treaty between Germany and Sri Lanka...
UN chief urges LTTE to free
civilians from war zone
UN chief Ban Ki-moon
on Friday urged Tamil rebel leaders to allow trapped civilians to move
freely out of the conflict area of northern Sri Lanka."The Secretary General calls upon the LTTE (Tamil rebels)
leadership to allow...
No lifeline for LTTE
assures govt.
Dismissing recent LTTE efforts to force a Norwegian
intervention to force an immediate ceasefire on the Vanni front, the Sri
Lankan government yesterday said that it wouldn’t allow anyone to throw a
fresh lifeline to the group.
