In long running $271.8-million dispute over concrete standards used in the waterway expansion s new locks, high court ruling goes against its builders group, but other claims are pending, including one against Panama itself.
US Supreme Court Backs Panama Canal Owner in Dispute with Builders enr.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from enr.com Daily Mail and Mail on Sunday newspapers.
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The parties in a $238-million dispute over the construction of the third set of locks for the Panama Canal is raising issues concerning alleged conflicts of interest on the part of the International Chamber of Commerce (“ICC”) arbitrators in the United States District Court for the Southern District of Florida.[1] The case may resolve rarely litigated issues concerning whether arbitrators who sit on multiple arbitration panels together or who support appointment of each other to lead arbitration panels have disabling conflicts of interest.
The case pits Grupo Unidos por el Canal, S.A. (“Grupo”), a consortium of Spanish, Italian, Belgian, and Panamanian construction firms, against Autoridad del Canal de Panama (“ACP”), the Panamanian entity that operates the Panama Canal and that sponsored the multi-billion-dollar, decade-long project to expand the Canal’s capacity by building a new set of locks (the “Proje