Sunday, July 20, 2014

Arbitration on Panama Canal dispute to begin in Miami

Arbitration of the first claim in a $1.6 billion dispute over cost overruns in the expansion of the Panama Canal gets underway Monday. It will start with a teleconference to determine procedures, both sides’ positions and a timeline. Then the impasse will be arbitrated by an international tribunal seated in Miami, said Carolyn Lamm, an attorney who is representing the Spanish-led consortium that temporarily halted work on the canal earlier this year.

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