Verdict on Mittal Group's USD 400-mn claim against Bosnia and Herzegovina likely in a month: Co official

Pramod Mittal, chairman of the Mittal Group, filed a USD 400 million international arbitration claim against Bosnia and Herzegovina, alleging breaches of the India-Bosnia Bilateral Investment Treaty. The claim stems from the breakdown of a joint venture involving Global Steel Holdings Ltd and a Bosnian state-owned company. Mittal's group seeks to recover losses and highlight risks in politically unstable economies.