Maire unit Tecnimont wins London arbitration over EuroChem, awarded about EUR 260 million

• An ICC arbitral tribunal seated in London ruled EuroChem’s termination of the K2 contracts was unlawful.
• The tribunal upheld Tecnimont’s suspension of work due to Russia-related sanctions tied to the invasion of Ukraine.
• EuroChem ordered to pay about EUR 260 million for costs already incurred; EuroChem’s EUR 1.6 billion counterclaims were rejected.
• The award confirmed the London tribunal as the sole competent forum, undermining parallel Russian court proceedings.
• A second arbitration phase targets a permanent injunction to withdraw Russian actions; a decision is expected in 1H 2027.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Maire S.p.A. published the original content used to generate this news brief on August 31, 2026, and is solely responsible for the information contained therein.