We see investor-state disputes grabbing headlines. We notice it for the complexity, duration, and potential financial impact. Against this backdrop, one case offers a different storyline — one of resolution rather than escalation. Cunico Resources N.V. (Cunico) has confirmed that it has fully settled its arbitration against the Republic of North Macedonia under International Centre for Settlement of Investment Disputes (ICSID) Case No. ARB/17/46.
The dispute, which began in 2017, centered on investment protections and regulatory disagreements in the mining sector. While specific settlement terms remain confidential, both parties have confirmed mutual resolution and withdrawal of all claims. This also included the closure of proceedings and related actions in North Macedonia and internationally concerning former executives, including Yusuf Mirakhmedov, with all claims associated with that period officially dismissed.
