The Kuwaiti government met with members of the Supreme Petroleum Council Sunday 27 May to discuss ramifications of a court ruling regarding what was known as K-Dow contract between state-owned Petrochemical Industry Company (PIC) and American Dow Chemicals. A Michigan-based International Chamber of Commerce (ICC) arbitration court issued the multi-billion (over $2bn) ruling in favor of Dow Chemicals because of the cancellation of the contract. Kuwait has decided to challenge the verdict.