Company Seeks To Enforce $168M Award Against Peru For Canceled Broadband Contracts

(December 6, 2022, 1:17 PM EST) -- WASHINGTON, D.C. — A Peruvian company recently filed a petition in a District of Columbia federal court seeking to confirm and enforce an International Chamber of Commerce (ICC) arbitral award worth more than $168 million against the Republic of Peru and two state organs for abruptly terminating contracts with the company to set up new broadband networks through rural regions of the country and ordering them to pay off certain bonds....