US biotech company Novavax has agreed to pay US$400 million to settle an ICC claim brought by global health organisation Gavi over a cancelled contract to supply covid-19 vaccines to low and middle-income countries.
22 February 2024
Occidental Petroleum says it has reached a preliminary settlement with its Chinese former partner in an Ecuadorean oil block to settle a long-running fight over the proceeds of an ICSID award.
13 February 2024
A US pharmacy chain has settled a dispute over a US$642 million JAMS award it had alleged was tainted by the “unethical side-switching” of the counterparty’s law firm, Crowell & Moring.
15 January 2024
Turkey has paid US$3.1 million to a US mining company to settle an ICSID dispute over revoked uranium project licences after defeating the bulk of its claim for damages.
15 December 2023
A Canadian gold mining company says it has received US$30 million from Tanzania to settle their ICSID dispute over the revocation of a project licence.
16 October 2023
A Belgian shipping company has settled an arbitration it filed against a Norwegian transporter after their US$4.2 billion merger fell through.
10 October 2023
A Canadian gold mining company has agreed to settle its ICSID dispute with Tanzania over the revocation of a project licence.
29 September 2023
A Polish contractor has agreed to pay nearly €30 million to a Lithuanian state-controlled energy group to settle a Stockholm Chamber of Commerce arbitration over unfinished work on a biomass incineration unit.
14 September 2023
Mining group Vedanta Resources has agreed a billion-dollar settlement with a Zambian state-owned entity to regain control of a copper-mining venture and bring an end to an UNCITRAL arbitration seated in South Africa.
06 September 2023
Grenada has reached an agreement with a group of US investors to settle a US$200 million ICSID case over a stalled project to develop a luxury hotel resort.
31 August 2023
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