realestate

Argentina Ordered to Pay Long-Overdue Contractor Claim

Argentina ordered to pay $21 million to Webuild SpA over canceled water services contract.

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Buenos Aires water services contract, terminated by the Argentine government in 2006, has led to a long-standing dispute with Italian construction firm Webuild SpA. The company is now poised to receive over $21 million in compensation for its claims against the government.

    The resolution comes after years of negotiations and arbitration proceedings in Washington D.C., where the case was heard.

Argentina government ordered to pay contractor claim after years of delay dispute.