Lima Seeks Reversal of $200 Million Arbitration Award Citing Legal Conflict Concerns

The city of Lima, Peru, has filed a request with a federal court in Washington, D.C., to overturn the confirmation of approximately $200 million in arbitral awards. These awards were originally granted in favor of a highway contractor. Lima contends that its former legal counsel, Foley Hoag LLP, did not disclose a conflict of interest which it argues influenced the arbitration’s outcome. The legal implications of this dispute highlight the complexities associated with arbitration proceedings and the importance of transparency in legal representation.