Topic: M&A disputes

Live Nation to settle Mexican M&A dispute

Live Nation has revived a deal to acquire a Mexican live entertainment business for over US$440 million, suspending an ICC arbitration in which it had sought to abort the purchase because of the covid-19 pandemic.

15 September 2021

GE settles claim over Estonian power plant

GE will pay €30 million to settle a Stockholm Chamber of Commerce claim brought by an Estonian state-owned entity over delays at an oil shale power plant.

15 September 2021

Belgian centre rules on multibillion pharma fraud claim

A US pharmaceutical company says it has prevailed in what is thought to be the largest-ever case heard at Belgian arbitral institution CEPANI, concerning alleged fraud during a US$4.3 billion acquisition.

03 September 2021

Amazon can enforce emergency award in India

India’s highest court has ruled the country does recognise emergency arbitration awards, upholding enforcement of one secured by Amazon in a SIAC dispute stalling its local business partner from completing of a US$3.4 billion asset sale.

06 August 2021

Brazilian airline’s award debtor seeks bankruptcy protection

A group of distressed investment funds have sought bankruptcy protection in New York to prevent a Brazilian airline from enforcing a decade-old ICC award worth US$60 million against their assets.

09 July 2021

Eyewear maker can exit covid-hit merger deal

A majority ICC tribunal has ruled that Franco-Italian eyewear group EssilorLuxottica can back out of a €5.5 billion takeover in the wake of a dispute over actions the target company took to mitigate the impact of covid-19.

22 June 2021

Galeries Lafayette loses bias challenge to ICC award

French department store chain Galeries Lafayette has failed to revive a €680 million ICC claim against BNP Paribas based on allegations that the arbitrators were biased.

22 April 2021

Tesco lets award out of the bag

UK supermarket chain Tesco says it has been held liable in an arbitration over the US$6 billion sale of its Korean retail business.

15 April 2021

Eyewear maker can’t get look at covid docs

A Dutch appeal court has refused to allow French-Italian eyewear maker EssilorLuxottica to obtain discovery in a dispute over a €5.5 billion takeover disrupted by the covid-19 pandemic.

08 April 2021

ICC orders Brazilian pulp deal to proceed

An ICC tribunal has ruled that a company owned by two controversial Brazilian brothers must proceed with the multibillion-dollar sale of a pulp maker to a business run by one of Asia’s wealthiest families.

05 February 2021

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