Topic: Settlements

Ukrainian businessman Rinat Akhmetov’s SCM Group has settled a dispute over the sale of a telecoms company that gave rise to a US$820 million LCIA award and high-profile asset freezes in England, Cyprus and the Netherlands.

01 October 2019

As Argentina’s centre-right president Mauricio Macri suffers a shock defeat in a primary vote, a prosecutor in the country has opened a criminal investigation into the settlement of an ICSID case that is alleged to have financially benefited the president’s family.

15 August 2019

An UNCITRAL tribunal has overturned a US$120 million consent award that brought an end to a treaty claim against Libya after finding that the German claimant had taken advantage of the political turmoil in the country to procure the settlement through fraud.

13 June 2019

Two Emirati energy companies have prevailed in an LCIA claim against a consortium partner that contested their decision to settle a US$39 billion dispute with the Kurdistan regional government of Iraq two years ago.

16 May 2019

The Italian and French partners in a €50 billion merger that created the world’s largest eyewear maker, EssilorLuxottica, have settled an ICC dispute over the company’s governance.

13 May 2019

Italian engineering group Saipem and a subsidiary of Russian state-owned gas producer Gazprom have settled a €1.3 billion ICC dispute over a cancelled project to build a gas pipeline between Russia and southern Europe.

09 May 2019

Swiss billionaire Margarita Louis-Dreyfus has settled an ICC dispute with members of her family over a buyout of their interests in one of the world’s largest traders in agricultural commodities.

28 February 2019

Houston-based Occidental Petroleum has failed in a bid to restrain Canadian oil and gas company Encana from pursuing claims against it in an ICDR arbitration over rights to the proceeds of a billon-dollar ICSID award against Ecuador.

27 February 2019

The cast list has come to light for a US$1.3 billion SIAC dispute between an Indian airport infrastructure company and its private equity backers, following the settlement of the case last year.

16 January 2019

In the wake of four arbitral rulings finding Egypt and its state-owned entities liable for repudiating a deal to supply gas to Israel via an undersea pipeline, US, Israeli and Egyptian partners are to buy a stake in the company that operated the pipeline for US$518 million, paving the way for the end of the cases.

27 September 2018