Técnicas Reunidas-Samsung Consortium Wins €120M Arbitration Award Against MGT Teesside

An arbitration tribunal has ruled in favor of a Técnicas Reunidas-Samsung consortium, awarding €120 million from MGT Teesside for a dispute filed in 2021. The award resolves a long-running contractual disagreement, though payment timing and any appeals remain uncertain. This marks a significant financial recovery for the consortium and a liability for MGT Teesside.