Settlement, 30 August 2017, Pearl Petroleum & Dana Gas and Crescent v. Kurdistan

According to a press release, the settlement of a four-year-long LCIA arbitration was announced last Wednesday, 30 August, between Kurdistan and an United Arab Emirates consortium consisting of Pearl Petroleum and its parent companies Dana Gas & Crescent. The consortium had initiated arbitration in 2013 to clarify its rights under a product sharing agreement for [...]