Islamabad: The authorities has achieved nice success within the Recodic case, the World Bank's Arbitration Forum Oxide has issued a restraining order on Pakistan's ڈالر 6 billion positive.
According to Express News, in July 2019, the International Center for Settlement of Investment Disputes (OXID) Tribunal dominated in favor of the Australian firm Tethyan and ordered Pakistan to pay 6 6 billion to the Australian firm.
The Attorney General of Pakistan says that it is a nice achievement of Pakistan and its authorized workforce within the case of Rekodak. In 2019, Pakistan had initiated authorized proceedings to cancel the ڈالر 6 billion positive.
According to the Attorney General, Oxide had on March 10, 2020, on the request of Pakistan, issued an interim injunction restraining the fee of the 6 billion positive.
It ought to be famous that on September 16, Axis has ordered to uphold the restraining order in favor of Pakistan. The closing listening to on Rekodak's case will probably be held in May 2021.