UK signals it may limit compensation to British Steel owner amid treaty dispute
The UK government has signalled it could limit or refuse compensation sought by Jingye Group after taking control of British Steel. The dispute centres on the nationalisation of the steelworks and the costs that may follow. Jingye has now begun consultation under a bilateral investment treaty with the UK government.The company said it was seeking compensation after the state intervention, while the Department for Business and Trade said any payout would be decided independently and only paid if it is found to be due. A department spokesperson said the government would comply with its international obligations. Jingye has also said... [Continue Reading]
360LiveNews | 12 Jun 2026 12:35 LONDON
Sponsored
