Bangladesh appoints UK law firm to arbitrate coal pricing with Adani Group

Bangladesh has appointed a British law firm to represent its state-run Power Development Board (BPDB) in mediation proceedings over its disputes with Adani Power Limited on the Indian conglomerate’s coal pricing and power tariffs, officials said on Friday.
The BPDB officials said they appointed London-based 3VP, a leading law firm that provides commercial and financial litigation, to represent Bangladesh in the Singapore International Arbitration Centre (SIAC), a court of international arbitration.
The Bangladesh-based Business Standard (TBS) newspaper said the 3VP chambers, headed by King’s Counsel Farhaz Khan, had beenadvising a national review committee on the Adani deal for several months.
The development came in less than a week, within five days of the committee submitting its final report detailing power sector agreements signed during thedeposed prime minister Sheikh Hasina’s toppled Awami League government.
“Our move to appoint the British firm came as Adani Power initiate