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

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