Judge Confirms $238M Award In Favor Of Panamanian Utility In Canal Dispute

Mealey's (November 22, 2021, 11:11 AM EST) -- MIAMI — A Florida federal judge on Nov. 18 granted a cross-motion to confirm an award for approximately $238 million in favor of the Panamanian entity that operates the Panama Canal for disputes with an international group of construction firms after finding that the firms failed to establish that certain nondisclosures by the arbitrators gave rise to the appearance of impartiality or bias....