Exclusive-Mexican Firm Seeks $380 Million From Honduran State Over Blocked Unit usnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from usnews.com Daily Mail and Mail on Sunday newspapers.
Mexican investment firm JLL Capital, whose Honduran operation has been blocked since 2018 in a local dispute, is seeking some $380 million from the Central American country in arbitration proceedings, claiming that it violated foreign investment protections, documents reviewed.
Mexican investment firm JLL Capital, whose Honduran operation has been blocked since 2018 in a local dispute, is seeking some $380 million from the Central American country in arbitration proceedings, claiming that it violated foreign investment protections, documents reviewed by Reuters show. The case was triggered in January 2017 when JLL sought more control of its CA Capital affiliate, a Honduran non-bank lender, through a capital increase, according to the previously unreported arbitration notification sent to the World Bank in February.
The memory of Hurricane Maria, which devastated Puerto Rico five years ago, is still very fresh in the minds of the island’s residents. With that comes worry.
Be prepared for busy roads, congested sidewalks, and road closures in Hartford this weekend. After two years, the city will come alive with several events.