Costa Rican Company Says It Will Challenge $32M Award For Del Monte

(July 1, 2016, 2:36 PM EDT) -- ALAJUELA, Costa Rica — A Costa Rican plantation owner on July 1 said that it will challenge a $32 million international arbitration award issued for a producer and distributor of fresh fruit and vegetables.

On June 20, Fresh Del Monte Produce Inc. announced that its subsidiary Del Monte International GmbH was awarded damages by the International Court of Arbitration of the International Chamber of Commerce (ICC). The award was issued in a dispute with Inversiones y Procesadora Tropical S.A. (Inprotsa). Inprotsa said in a news release...
To view the full article, register now.