Topic: Settlements
Korea drops challenge to hedge fund's award
South Korea has said it will not pursue a further appeal over a US$43 million investment treaty award in favour of US hedge fund Mason Capital after a Singapore court rejected its annulment bid earlier this year.
22 April 2025
Airport operator ends ICSID claim against Honduras
The operator of Honduras’ largest airport has dropped a contractual ICSID claim against the state that it lodged after a government minister announced its concession would be reviewed.
13 March 2025
Mexican utility settles with Spanish consortium
A Spanish construction consortium says that Mexico’s state-owned electric utility has paid a US$22 million LCIA award over cost overruns at a power plant project – as the utility faces a bid to enforce another award.
14 February 2025
US and Korean partners cool nuclear reactor dispute
A Korean state utility has agreed to settle a multibillion-dollar dispute with its US partner over nuclear reactor technology – as an unrelated arbitration kicks off over a project in the United Arab Emirates.
27 January 2025
Greek solar farm dispute settles
A California renewables company says it has agreed to pay €45 million to settle a dispute over Greek solar power assets that gave rise to arbitration and litigation in Malta, Greece and the US.
14 January 2025
US fund confirms size of payout from Peru in land bond case
US private equity firm Gramercy has confirmed it has reached an US$85 million settlement with Peru to satisfy an ICSID award relating to bonds issued half a century ago in compensation for land expropriations.
16 December 2024
Panama looks to settle ICSID cases
Panama has agreed to satisfy a US$26.7 million ICSID award obtained by a US company over a cancelled mining concession, while settlement negotiations continue with another investor in a dispute over a construction project.
05 December 2024
Finnish state entity settles Russian wind farm dispute
Finland’s Fortum Oyj says it has settled its €200 million ICC dispute with a Danish manufacturer over Russian wind projects – as Russia instructs counsel in a separate treaty claim lodged by the Finnish state-owned company.
11 October 2024
Venture Global settles confidentiality dispute with US contractor
US LNG exporter Venture Global has settled a lawsuit against a contractor that it alleged shared confidential information with Shell for use in an ongoing arbitration.
30 September 2024
The rise of arbitration in the financial sector
A panel at GAR Live North America discussed the increasing use of arbitration in the financial sector, including its suitability as a mechanism for resolving cryptocurrency and blockchain disputes.
26 September 2024