Sri Lanka, July 25 -- The supreme court of sri lanka recently ordered the shipping company responsible for the X-Press Pearl vessel to pay a staggering US$1 billion in compensation. This colossal sum is mandated for the catastrophic environmental and economic damage inflicted by the container ship, which caught fire and sank off the coast of Colombo in 2021, triggering one of the worst environmental disasters in the nation's history. But there's more to this verdict than the collosal fine, this is what we aim to explore.

The judgment, delivered by a five-judge bench presided over by Chief Justice Murdu Fernando, stipulates that the compensation must be paid to the Secretary to the Treasury within one year, with an initial payment of USD ...