East Timor can’t duck $328M fuel supply dispute with Lighthouse Corporation
Arbitration 2019-05-07 8:13 pm Sydney
The Democratic Republic of East Timor has lost its bid to dismiss a lawsuit brought by oil and gas firm Lighthouse Corporation over $328 million in alleged losses stemming from a failed fuel supply agreement, with a judge finding the court has jurisdiction to hear the case after an ICSID panel declined to arbitrate the dispute.