RE:SC stays Niko verdict pending company's petitionSry about formatting... here's a better version:
A four-member appellate bench led by Acting Chief Justice Md Abdul Wahhab Miah also adjourned the Niko petition for three weeks on Thursday.
The court ordered a certified copy of the High Court decision be published before the end of the stay.
Attorney General Mahbubey Alam represented the state at the hearing while Lawyer Mostafizur Rahman Khan and Barrister Tanjib-ul Alam represented Niko.
The High Court dismissed the two deals on Aug 24 and ordered confiscation of Niko's assets in Bangladesh.
The court had also told the state not to pay Niko any money it owes to the company, until the two lawsuits -- one for the 2005 gas-field blast and the other on corruption -- are settled.
Niko signed two deals in 2003 and 2006 to explore and sell natural gas to Bangladesh.
It signed a joint venture agreement with state-owned Bangladesh Petroleum Exploration and Production Company or BAPEX. The other was a purchase and sales agreement with Petrobangla, the government's oil and gas corporation.
In May 2016, the Consumers Association of Bangladesh or CAB, a consumer rights body, filed a petition challenging the legality of the deals.