Lima Asks To Undo 'Corrupt' Road Project's $66M Arbitral Win
Law360 (August 10, 2020, 4:48 PM EDT) -- Lima is asking a D.C. federal court to vacate a $66 million arbitral award issued to a company with ties to the scandal-ridden Brazilian conglomerate Odebrecht following a dispute over a road construction project in the Peruvian capital, saying the underlying contract was procured through bribery.
The Metropolitan Municipality of Lima told the court in a Friday petition that Rutas de Lima SAC, which is owned by Odebrecht, made fraudulent misrepresentations to the tribunal that issued the award in order to prevent it from nullifying the contract due to corruption.
Odebrecht made headlines several years ago after admitting to U.S. authorities...
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