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Dow Chemical to pursue legal action against Kuwait
Dow Chemical Co will take legal action against Petrochemical Industries Co of Kuwait and is seeking more than $2.5 billion in damages from the Kuwaitis for backing out of a joint venture agreement, the largest U.S. chemical maker said on Tuesday.
http://news.yahoo.com/s/nm/20090106/bs_n...
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Summary Box: Legal match set in Dow-Kuwaiti deal
THE LATEST: Dow Chemical Co. will pursue legal action against a state-owned Kuwaiti company that pulled out of a joint venture last week. The company could potentially recoup $2.5 billion from Petrochemical Industries Co. after it backed away from the K-Dow Petrochemicals agreement.
http://news.yahoo.com/s/ap/20090106/ap_o...
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