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OHLA and Italian partners Rizzani de Eccher and Trevi lose claim for €280 million damages from Kuwait

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Posted By: The Corner 10th March 2026

Link Securities | The International Centre for Settlement of Investment Disputes (ICSID), the World Bank’s arbitration body, has dismissed the request for annulment filed by Spanish construction company OHLA and its partners, Italian companies Rizzani de Eccher and Trevi, against the original award handed down in 2022 in the dispute against Kuwait, Expansión newspaper reports today. OHLA and its partners claimed ICSID jurisdiction to arbitrate this lawsuit, in which they estimated damages of around €280 million. Following this ruling, OHLA will now only be able to renegotiate the terms of the contract settlement directly with the client or go to court in Kuwait, which complicates the recovery of the money.

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The Corner
The Corner has a team of on-the-ground reporters in capital cities ranging from New York to Beijing. Their stories are edited by the teams at the Spanish magazine Consejeros (for members of companies’ boards of directors) and at the stock market news site Consenso Del Mercado (market consensus). They have worked in economics and communication for over 25 years.