Dow Gets $318M More In Settlement Over Axed Petrochem JV

Law360, Los Angeles (March 4, 2013, 4:02 PM EST) -- Dow Chemical Co. will get an additional $318 million from Kuwait's state-owned petrochemical company for canceling a planned plastics joint venture just days before it was set to launch in 2008, Dow said Monday, announcing a final arbitration award that closes a five-year fight.

The International Court of Arbitration of the International Chamber of Commerce awarded the $318 million in final interest and costs after announcing a partial award of $2.16 billion in May for a total of $2.48 billion, Dow said in a statement. Both...
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