Topic: Settlements
Shareholders settle non-compete dispute at SIAC
A Singaporean asset manager has agreed to settle a SIAC claim in which it accused fellow shareholders in an Indian oilfield equipment maker of diverting business to competitors.
05 November 2021
1MDB not too late to challenge Abu Dhabi settlement
The Commercial Court in London has ruled that Malaysian sovereign wealth fund 1MDB is not too late to challenge a multibillion-dollar arbitral settlement with an Abu Dhabi government-owned entity that it alleges was intended to cover up a massive fraud.
04 November 2021
Cairn settles tax dispute with India
The UK’s Cairn Energy has agreed to forgo enforcement of a billion-dollar investment treaty award against India as it takes advantage of new legislation allowing the refund of previously collected taxes.
04 November 2021
Gazprom and Eni settle Stockholm arbitration
Russia’s Gazprom Export and Italy’s Eni have agreed to revise the terms of their long-term supply contracts, settling disputes that had gone to arbitration in Stockholm.
29 October 2021
Inpex settles dispute over Australian LNG project
Japanese oil and gas company Inpex has settled an ICC dispute over the US$45 billion construction of a liquefied natural gas project on the western coast of Australia.
20 October 2021
Samsung Heavy settles oil platform dispute
South Korea’s Samsung Heavy Industries has settled a US$600 million ICC arbitration with Japanese oil company Inpex that arose from the late completion of a project to build the world’s largest floating offshore gas processing unit off the Australian coast.
04 October 2021
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