The Government informs that it has been closely monitoring the Steward Health Care Chapter 11 proceedings since their initiation in May 2024. The Government has engaged U.S. bankruptcy lawyers who are providing expert guidance throughout this process.
It can be confirmed that the arbitration proceedings before the International Chamber of Commerce (ICC) are currently at an advanced stage, with written pleadings expected to be concluded in the coming months.
At this time, it must be emphasised that any further public comments on this matter could be prejudicial to the Government’s position in the arbitration.
