Topic: Settlements
Mexican utility reaches deal to end pipeline disputes
A Canadian energy infrastructure group says it has reached a deal with a Mexican state utility to develop a new US$4.5 billion offshore natural gas pipeline, bringing an end to a pair of LCIA arbitrations relating to existing onshore pipelines.
08 August 2022
Apple settles with headphones maker
Apple has ended its bid to enforce an ICC award that held a US headphones maker liable for breach of confidentiality after agreeing to settle the dispute.
01 August 2022
Media dispute wrapped up in Milan
An Italian media group has settled a dispute over the €120 million sale of its historic headquarters to Blackstone after it failed to set aside an award issued in favour of the US private equity group by a Milan-seated tribunal.
22 July 2022
California businessman can bring late challenge to Burford award
An English court has said a California businessman is not too late to challenge an LCIA award that requires him to pay more than US$60 million in compound interest to a subsidiary of Burford Capital for breach of a litigation funding deal.
13 July 2022
Laos wins latest round of casino feud
A Singapore court has upheld a SIAC award favouring Laos in a long-running casino dispute, ruling the tribunal was within its rights to bar two gaming companies from raising claims argued in a prior arbitration.
06 June 2022
Naftogaz signals new claim against Gazprom over transit fees
Ukraine’s state-owned oil and gas company Naftogaz has launched a pre-arbitration procedure against Gazprom for underpayment of gas transit fees, also suggesting it may seek to revive a US$12.2 billion claim that was settled more than three years ago.
27 May 2022
DRC reaches billion-dollar settlement with Gertler companies
The Democratic Republic of the Congo has reportedly reached a settlement worth US$2 billion with sanctioned Israeli billionaire Dan Gertler and two of his companies that will see the state withdraw an ICC claim over two oil blocks.
03 May 2022
Petrobras bribery claims barred by settlement
A US court has ruled that Brazil’s Petrobras is barred from pursuing bribery claims in an ICDR arbitration over the purchase of a US oil refinery under the terms of a decade-old US$820 million settlement.
03 May 2022
Dispute over Mexican broadcaster settles at ICC
Spanish and Mexican media companies have agreed to settle a shareholder dispute over control of a Mexican radio broadcaster that gave rise to ICC arbitration as well as conciliation and emergency arbitrator proceedings.
26 April 2022
Contractor settles claim over Australian LNG project
A Japanese-US construction consortium has agreed to settle a US$1.8 billion ICC arbitration with a subcontractor on a liquefied natural gas project on the western coast of Australia.
13 April 2022