Panama Canal Operator Says $285M Award Should Stand
By Caroline Simson (August 9, 2021, 8:07 PM EDT) -- The Panama Canal operator is urging a Florida federal court to enforce two arbitral awards it won in a contentious, decade-old dispute over a multibillion-dollar project to expand the famous waterway, saying allegations that the arbitrators may have appeared biased rely on "innuendo and speculation."
The state-owned Autoridad del Canal de Panamá argued in a pair of briefs submitted to the court on Friday that the allegations, which center on the arbitrators' alleged failure to disclose several lucrative cross-appointments, aren't enough to vacate the award.
At issue are arbitral awards that ordered the contractor hired for the project and three of...
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