Peruvian Instrumentality Wins Set-Aside Of Default In $168M Broadband Contract Row

(September 26, 2024, 2:09 PM EDT) -- WASHINGTON, D.C. — A District of Columbia federal judge granted a Peruvian state-owned instrumentality’s motion to vacate a default judgment entered against it in a petition to confirm an International Chamber of Commerce (ICC) arbitral award worth more than $168 million against it, but also granted default judgment and confirmed the award against the Republic of Peru and another state entity for the abrupt termination of broadband contracts with a Peruvian company....