Topic: Settlements
Egypt settles "New Cairo" claim
Egypt has settled an ICSID claim brought by a Dubai-owned pipe manufacturer over its right to bid for tenders related to a sewerage network for “New Cairo” – a US$30 billion project to relieve overcrowding in one of Africa’s largest cities.
29 November 2022
Guatemala to settle ICSID power tariff feud
Guatemala has agreed to pay US$46 million to a US investor to settle a long-running dispute over electricity tariffs that went before four different ICSID panels.
24 November 2022
Contractors call halt to Hong Kong rail dispute
A UK-Chinese construction joint venture has agreed to settle a US$40 million HKIAC dispute with a subcontractor on a project to build part of a high-speed rail link to the Chinese mainland.
09 November 2022
Rosatom settles ICC dispute over Turkish project
Russian state-owned company Rosatom has agreed to settle a dispute over a Turkish nuclear power project that saw it face three ICC arbitrations worth a combined US$5 billion.
04 October 2022
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