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Indonesia wins $469 mn arbitration case against Indian metal firm IMFA

Indonesia won the case against India Metal Ferro and Alloys Ltd after nearly four years of court battles.

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Imfa

Reuters  |  Jakarta 

Indonesia has won a $469 million arbitration case against India’s Metal Ferro and Alloys Ltd (IMFA) after nearly four years of court battles, the country's attorney general Muhammad Prasetyo told a news conference on Monday. An arbitration court in The Hague, Netherlands, ruled in favour of Indonesia in the case, according to a notification the government received last week, said Prasetyo. IMFA officials were not immediately available for comment. IMFA filed a claim to the court in 2015, alleging that overlapping mining permits issued by authorities have disrupted its ...

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First Published: Mon, April 01 2019. 16:34 IST
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