Topic: Settlements

Belgian-Brazilian hygiene M&A dispute settles

A Belgium-based provider of personal hygiene products has agreed to settle an ICC claim against a Brazilian pharmaceuticals group over a €300 million acquisition.

17 September 2021

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

Singapore court upholds duty to consider corruption

The Singapore International Commercial Court has upheld two BIT awards favouring Laos in a billion-dollar dispute with two gaming companies, ruling that arbitrators have a “public duty” to review evidence of corruption presented to them.

10 September 2021

Enel and Panama settle ICSID dispute

AWARD NOW PUBLIC: Panama has agreed to pay Italian energy company Enel to settle an ICSID case over delay in the construction of an electricity transmission line.

20 August 2021

India moves to settle tax claims

India is moving to nullify a retrospective tax law that led to high-profile treaty awards for Vodafone and Cairn Energy, and is offering to refund companies that were affected provided they drop their claims.

05 August 2021

Spanish contractor to settle Panamanian hospital dispute

A Spanish construction company has reportedly agreed to withdraw a US$125 million ICC claim against a Panamanian state entity over a hospital project that was disrupted by a bribery investigation and the covid-19 pandemic.

29 July 2021

Meydan settles Dubai racecourse dispute

Emirati real estate developer Meydan has agreed to pay US$198 million to a Malaysian construction group to satisfy a DIAC award over a cancelled contract to build a racecourse in Dubai.

14 July 2021

Areva and EDF settle dispute over reactor defects

Areva is to pay €563 million to Électricité de France to settle two ICC arbitrations over defective work by its former nuclear reactor business, Framatome.

02 July 2021

Indian prosecution of marines halted after PCA award

India’s Supreme Court has quashed criminal proceedings against two Italian marines accused of killing two fishermen after Italy paid compensation in line with the award of an arbitral tribunal at the Permanent Court of Arbitration in The Hague.

15 June 2021

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