Event
The $470 million Bhopal settlement, 1989
Supreme Court of India order of 14 and 15 February 1989 under which Union Carbide Corporation and Union Carbide India Ltd. paid $470 million to the Union of India.
- Dates
- 14–15 Feb 1989
Connections 4
interventions
- Supreme Court of India 14 Feb 1989 ordered the $470 million settlement Primary record 1
involved
- Union Carbide Corporation paid $425 million (less $5 million paid earlier) Primary record 1
- Union Carbide India Limited paid the rupee equivalent of $45 million Primary record 1
- Government of India received the money as claimant for the victims Primary record 1
Timeline 2 dates
- 14–15 Feb 1989 The $470 million Bhopal settlement, 1989
- 14 Feb 1989 Supreme Court of India intervened in The $470 million Bhopal settlement, 1989
Proof 1 source
-
Union Carbide Corporation v. Union of India, orders of 14 and 15 February 1989 (IELRC copy, not the official version), International Environmental Law Research Centre (text of a Supreme Court of India order), 15 Feb 1989.
Primary record
we are of opinion that the case is pre-eminently fit for an overall settlement between the parties covering all litigations, claims, rights and liabilities related to and arising out of the disaster
A sum of U.S. $ 425 Millions (four Hundred and Twenty five Millions) shall be paid on or before 23 March, 1989 by Union Carbide Corporation to the Union of India
Union Carbide India Ltd. will pay on or before 23 March, 1989 to the Union of India the rupee equivalent of U.S. $ 45 Millions (forty five Millions) at the exchange rate prevailing at the date of payment.
The aforesaid payments shall be made to the Union of India as claimant and for the benefit of all victims of the Bhopal Gas Disaster under the Bhopal Gas Leak Disaster (Registration and Processing of Claims), Scheme, 1985, and not as fines, penalties, or punitive damages.
Page history 1 change
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