Memorandum of Determinations, Expropriation Claim of Bank of America, as Trustee India - Contract of Insurance No. F041
Article from: TDM 3 (2005), in Discussion / OGEMID
On March 22, 2002, Bank of America, N.A., in its capacity as trustee of the Bank of America Trust (the "Insured"), sent a notice of claim under the expropriation coverage of OPIC Contract of Insurance No. F041 (as amended on September 26, 2000, the "Contract"). The Contract covers a loan provided by the Insured to Dabhol Power Company ("DPC"), a special purpose entity established under Indian law to develop, construct, own, and operate a combined cycle power generating station and associated facilities, including a liquefied natural gas terminal, a regasification facility, a ...