Lebanon Dodges $33M Claim Over 2-Year Highway Job Delay

Law360, New York (June 12, 2012, 7:27 PM EDT) -- An international arbitration panel on Thursday rejected an Italian construction company's claims that Lebanon was responsible for two years' worth of delays on a segment of a massive highway project and should pay $33 million in damages as compensation.

The International Center for Settlement of Investment Disputes denied an assertion by Toto Costruzioni Generali SpA that Lebanon violated a treaty with Italy when it failed to immediately remove the Syrian Army from land where Toto was to construct a 3.5-mile segment of a highway intended to...
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