Topic: Settlements

Bolivian politician’s company settles with Mexican debtor

A Bolivian politician’s company has ended its efforts to enforce a US$36 million award in the US courts despite pending annulment proceedings in Bolivia, after it reached a settlement with the Mexican award debtor.

17 March 2023

Burford gets LCIA injunction to halt settlements

A split LCIA tribunal has granted Burford Capital a preliminary injunction to prevent a client from settling several antitrust lawsuits – finding prima facie that the funder was granted a “prior consent right” over settlements.

14 March 2023

Abu Dhabi fund settles with Malaysia's 1MDB

An Abu Dhabi government-owned entity has agreed to pay US$1.8 billion to Malaysian sovereign wealth fund 1MDB to settle LCIA and London court proceedings relating to a multibillion-dollar fraud.

27 February 2023

Korean shipbuilder settles billion-dollar claim

A Korean shipbuilder has reportedly agreed to pay to settle a dispute with Japanese oil and gas producer Inpex that gave rise to a US$970 million ICC case.

17 February 2023

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

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