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More details have emerged about a multibillion-dollar ICC dispute that is said to have paralysed Nigeria’s steel industry for 14 years before the parties agreed to settle for a significantly reduced sum.
09 September 2022
The use of mediation in investor-state dispute settlement was explored during the first virtual pre-intersessional meeting of UNCITRAL Working Group III, as the group starts to focus on specific ISDS reform options.
02 December 2020
The Saudi Center for Commercial Arbitration has launched an emergency programme providing for the conversion of mediated settlements obtained through remote processes to enforceable titles in response to the coronavirus pandemic.
21 May 2020
A Dominican state entity has agreed to pay just under US$400 million to settle a dispute with an Odebrecht-led consortium that had sought almost US$1 billion in damages, following ICC mediation proceedings in New York.
18 March 2020
46 countries have today signed a “New York-style Convention” to facilitate the cross-border enforcement of international settlement agreements arising from mediation, with the US and China among its signatories.
07 August 2019
As the Singapore Convention on Mediation opens for signature next month, ICSID senior legal counsel Frauke Nitschke details how the centre is working to support parties in the mediation of their investment disputes.
24 July 2019
A “New York-style Convention” aimed at ensuring the cross-border enforceability of international settlement agreements arising from mediation is one step closer to fruition after the United Nations Commission on International Trade Law finalised the text of the draft treaty earlier this week.
29 June 2018
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