Técnicas Reunidas Wins a 120 Million Award in the London Court of Arbitration
The Corner The arbitral award issued by the London Court of Arbitration on September 7 orders MGT Teesside Ltd (MGT) to pay the consortium formed by Técnicas Reunidas (TRE) (73%) and Samsung (27%) the net amount of EUR 120 million, bringing to an end an arbitration filed by the consortium in 2021 against its client for contract termination and the execution of performance bonds. Additionally,…
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