Topic: Settlements

Boeing has agreed to pay US$150 million to Brazilian aircraft maker Embraer to settle an arbitration after pulling out of a US$4.2 billion merger four years ago during the covid-19 pandemic.

17 September 2024

Sony has settled a SIAC dispute with India’s largest listed media company over termination fees from an aborted US$10 billion merger. 

27 August 2024

Kazakhstan has agreed to settle its long-running dispute with Moldovan investors Anatolie and Gabriel Stati, which led to sprawling efforts to enforce a US$500 million Energy Charter Treaty award that the state claimed was obtained through fraud.

16 July 2024

A Cayman-based designer of water treatment plants has withdrawn an ICSID claim against Mexico after agreeing a US$36 million settlement, as a NAFTA legacy claim arising from a labour board ruling is discontinued.

05 June 2024

An Indonesian energy company has settled an ICC claim against a Libyan state-owned entity over a US$900 million oil and gas project disrupted by civil war.

04 June 2024

A Singaporean state-owned company has agreed to settle the remaining part of a US$176 million SIAC award over contracts for oil drilling equipment that were terminated in the wake of Brazil’s Lava Jato scandal. 

23 May 2024

A Mumbai healthcare provider has discontinued an ad hoc arbitration in which it had sought to block the sale of a hospital network to a rival US bidder – after failing to secure interim relief. 

20 May 2024

US biotech company Novavax has agreed to pay US$400 million to settle an ICC claim brought by global health organisation Gavi over a cancelled contract to supply covid-19 vaccines to low and middle-income countries. 

22 February 2024

Occidental Petroleum says it has reached a preliminary settlement with its Chinese former partner in an Ecuadorean oil block to settle a long-running fight over the proceeds of an ICSID award.

13 February 2024

A US pharmacy chain has settled a dispute over a US$642 million JAMS award it had alleged was tainted by the “unethical side-switching” of the counterparty’s law firm, Crowell & Moring.

15 January 2024