Dow Chemical Expects Order of Final Kuwait Award by Year-End

Dow Chemical Co., the largest U.S. chemical company by sales, said arbitrators should order Kuwait by year-end to pay more than $2.16 billion now that appeals have been exhausted in a dispute over a failed plastics venture.

The International Chamber of Commerce is expected to issue a final order for the $2.16 billion plus “substantial” interest and arbitration costs in the fourth quarter, Midland, Michigan-based Dow said today in a regulatory filing. The High Court of Justice in London on Oct. 19 denied Kuwait’s final appeal to reconsider the size of the award, Dow said.