The CPC lost the appeal filed in the British Court of Appeal in relation to a claim made by Standard Chartered Bank in a sum of $164 million plus interest arising from derivative transaction between the bank and CPC.
Last year, the CPC appealed against the ruling in favor of Standard Chartered Bank which went to court after the CPC refused to make hedging payments due to the bank said the Minister Susil Premajayantha.
The CPC stated it was currently in the process of appealing against the judgement of the Court of Appeal to the Supreme Court.
Last year the CPC won the Arbitration filed by City Bank against it claiming a sum of $194 million plus interest on a derivative transaction entered into between the CPC and City Bank. The CPC was also awarded cost of Arbitration proceedings amounting to $2.5 million. | 
Ceylon Petroleum Corporation (CPC) announced that it will appeal against the judgement delivered by a Court of Appeal in London.
Parliamentarian Ravi Karunanayaka of Sri Lanka main opposition United National Party (UNP) said yesterday that the UNP turned down a request from a former terrorist to contest the Northern Provincial Council elections under the party. [
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The entire world was asking Sri Lanka to give into the terrorists and avoid confrontation with them, but we chose to trust in the strength and courage of the country’s youth, President Mahinda Rajapaksa said. [
Trade unions, opposition parties and civil society organizations are gearing up to hold a massive protest on the 21st against the electricity tariff hike and the performance of the government. [
Deputy leader of the Vavuniya Municipal council M.M.Rathan stated by lighting lamps in the Wellamulliwaikal and Karaiyan Mulliwaikal people paid their respect to civilians killed in the final stage of war in year 2009. [
Students of Jaffna University commemorated death anniversary of people killed in the Mulliwaikal war. [
A woman attempted to commit suicide by jumping into a well with her 3 children in Vavuniya this morning. [
Man who has married mother and daughter of same family arrested. [
International community continuously hold debates on genocide attacks carried out by the racist government against Tamil’s in SriLanka. [
There is little doubt that in 2009 the government of Sri Lanka pulled off one of the nastiest episodes of mass killing since the Rwandan genocide – and got away with it. Tens of thousands of civilians were massacred, with barely a trickle of Syria-like imagery emerging from the battle zone, The Australian reported. [