Nabil Bank has secured a favorable ruling from the Chongqing Higher People’s Court in a counter-guarantee dispute involving USD 7.4 million linked to the Trishuli 3B Hydropower Project. The case stemmed from the project developer’s termination of its contract with China’s Shuifa ANHE Group in December 2023 due to construction delays. Although China Everbright Bank initially refused payment following an injunction, Nabil Bank had already honored the guarantee. The court’s final verdict on September 23 dismissed the appeal, marking a significant international legal win for Nepal’s banking sector.
