Topic: Settlements

Egypt settles French cement claim at ICSID

Egypt says it has settled an ICSID claim worth over US$100 million brought by a French family-owned cement company.

23 March 2022

Barrick and Pakistan agree to end ICSID feud

Canada’s Barrick Gold has reached an agreement in principle with Pakistan to restart a troubled mining project and settle an ICSID award worth more than US$6 billion.

21 March 2022

UK settles debt with Iran as prisoners released

The UK government has paid a nearly £400 million arbitral debt to Iran as two British nationals are allowed to return home after years of detention in Tehran.

16 March 2022

India makes billion-dollar payout to end tax dispute

A Scottish oil and gas company says it has received a tax refund of US$1.06 billion from the Indian government after it dropped efforts to enforce an investment treaty award.

24 February 2022

Egyptian authority to settle fight over port project

An Egyptian port authority has agreed to pay US$260 million to settle a long-running dispute over a cancelled project to build a container terminal facility that spawned three ICC cases and an ICSID claim.

18 February 2022

Egyptian investors withdraw claim over Kuwaiti heritage site

An Egyptian family has agreed to discontinue its ICSID claim against Kuwait as the parties negotiate a settlement over a delayed project to build a heritage site in the country’s capital.

14 February 2022

Colombian utility reports receiving payout to settle hydro dispute

A Colombian public utility says it has received almost US$1 billion in compensation from a Spanish insurer to settle an arbitration over the collapse of a hydroelectric dam that led to major flooding.

27 January 2022

ICSID creditors to settle feud over Zimbabwe awards

A Zimbabwean forestry company is preparing to settle a dispute with its former owners over the division of US$124 million in proceeds from two overlapping ICSID awards against Zimbabwe – which has given rise to litigation between the creditors in the UK and competing enforcement actions in the US.

21 January 2022

US-Korean fuel cell dispute settles

A US fuel cell manufacturer has settled a billion-dollar technology dispute with South Korea’s largest private energy producer that had been playing out in five ICC arbitrations, following a successful mediation.

06 January 2022

Canadian gold miner settles with Mali

A Canadian gold mining company says it will withdraw an ICSID claim against Mali after the state agreed to grant it a new exploration permit.

13 December 2021

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