Arbitration Resolved
Tribunal Awards $300 Million in Energy Construction Dispute
Arbitration Resolved
Tribunal Awards $300 Million in Energy Construction Dispute
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Tribunal Awards $300 Million in Energy Construction Dispute
How do you win a cost claim when the counterclaim is nearly three times larger?
A privately owned power company in Latin America engaged in a power plant project terminated its Asia-based engineering and construction contractor after alleged contract breaches. When the power company sought to recoup $308 million in costs through international arbitration, the contractor countersued for $800 million in damages.
Counsel appointed FTI Consulting’s construction damages experts to review the claims and counterclaims and provide expert testimony in support of arbitration.
Nuestro impacto
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Damages expert successfully defends cost reports under cross-examination
Our construction damages experts reviewed the power company’s actual and projected costs after the contractor was terminated, assessed the contractor’s potential payment without the termination and evaluated the methodology and support for the contractor’s counterclaims.
Our team reviewed extensive cost data from both parties and other project information to determine the contractor's progress prior to termination.
We produced reports for the tribunal showing that the re-procurement costs to complete the project were incurred in a reasonable manner.
Expertos
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Glenn A. Villacorta
Managing DirectorCuando todo está en juego.
FTI Consulting es la empresa líder en el mundo en ayudar a las organizaciones a afrontar el cambio y los procesos de transformación. Liderados por profesionales con amplia experiencia, nuestros expertos responden rápidamente a situaciones dinámicas y complejas, generando un impacto que marca la diferencia.
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