Parties Settle Dispute Over $18M ICC Award Issued Over Tunnel Excavation Claims

Mealey's (January 17, 2018, 2:29 PM EST) -- MIAMI — A Florida federal judge on Jan. 12 granted a joint motion to dismiss a petition to vacate and a cross-petition to confirm a $18,068,685 international arbitral award issued in a dispute over a contract for the excavation of tunnels as part of a project for the construction of a hydroelectric plant in Guatemala (Cobra Infraestructuras Hidraulicas S.A. v. Societá Esecuzione Lavori Idraulici, S.p.A., et al., No. 17-23664, S.D. Fla.)....