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| HOME - CLAIMS, DISPUTES AND ARBITRATIONS - Yuncan Hydroelectric Project | ||||||||||||||||||||||||||||||||||||||
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Representative Projects
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Advisement
and support activities were carried out during the arbitration that
took place between the owner, a Peruvian state company, and international
contractors from Japan and Sweden. Arbitration was performed under UNCITRAL
regulations. The claims were related to extension in time for completion,
decrease in productivity, costs, stand-by time, and extra costs incurred
by the head office, additional risks and financial imbalance. The total
amount of the submitted claim was US $32 million. The Court finally
ruled payment of a mere US $9 million to the contractors. |
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