The case involved a high-value arbitration with complex contractual disputes, including Performance Guarantees and Advance Payment Guarantees. Challenges included coordinating with multiple parties across different jurisdictions and negotiating settlements while protecting the client’s financial interests.
The arbitration and related court proceedings concluded successfully. The client obtained favorable consents preventing claims on Performance and Advance Payment Guarantees, and subsequent arbitration led to a settlement agreement for additional contract disputes valued at approximately USD 15 million. The outcome safeguarded Civicon’s financial and contractual interests.