ICC Awards Del Monte $32 Million In Pineapple Sales Contract Dispute

(June 21, 2016, 1:16 PM EDT) -- CORAL GABLES, Fla. — A producer and distributor of fresh fruit and vegetables on June 20 announced that an international arbitral tribunal has awarded its subsidiary more than $32 million in a dispute over a pineapple sales' contract.

Fresh Del Monte Produce Inc. said in a news release that its subsidiary Del Monte International GmbH was awarded damages by the International Court of Arbitration of the International Chamber of Commerce. The award was issued against Inversiones y Procesadora Tropical S.A. (INPROTSA), Fresh Del Monte said....
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