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