Dow Chemical is contacting law firms in several cities worldwide including New York in order to decide how best to deal with a situation that could arise if Kuwait fails to pay a $2.16 billion penalty as a result of canceling a deal with the government four years ago, a local newspaper reported yesterday.
Legal sources quoted by Al-Qabas indicated in the meantime that the American company could “lay their hands” on Kuwaiti foreign assets if the Gulf state fails to pay the fine in cash. Minister of Oil Hani Hussain is expected to make a statement in the near future about this case and its fallout, said the sources who spoke on the condition of anonymity.
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