Topic: Settlements

Burford backs revived Nigerian hydro claim

Burford Capital is funding an ICC claim against Nigeria reportedly worth US$400 million arising from the purported settlement of a prior arbitration over a hydropower project.

27 September 2022

How a Nigerian steel saga settled after 14 years

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

Nigeria settles multibillion steel dispute after ICC mediation

Nigeria has agreed to pay US$496 million to a company owned by India’s Mittal family to settle a 14-year dispute potentially worth billions over a contract to upgrade the country’s steel plants.

05 September 2022

Nigerian national oil company settles multibillion-dollar disputes

The Nigerian National Petroleum Corporation has settled long-running disputes with several international oil companies that led to hefty awards against the state-owned entity.

23 August 2022

Centerra settles Kyrgyz gold mine dispute

Canadian miner Centerra Gold has completed a transaction with Kyrgyzstan to resolve their dispute over the seizure of one of the largest gold mines in central Asia – despite a last-minute effort by Burford Capital and others to halt the settlement.

15 August 2022

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

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