Ecopetrol - Arbitration decision issued in favor of Reficar SAS - Press Release - 8 June 2023
Country
Year
2023
Summary
The [ICC] Arbitral Tribunal sentenced CB&I to the payment of more than one (1) billion dollars in favor of Reficar plus the interests caused since December 31, 2015. Additionally, the tribunal dismissed CB&I's claims for approximately US$400 million and ordered the liquidation of the EPC Contract, as requested by Reficar.