Peru seeks to avoid arbitration over Chinese-built mega port
The Peruvian government is looking to avoid an international arbitration process which could be filed by Chinese port operator Cosco Shipping over a legal dispute regarding exclusivity rights to a massive facility being built by the firm, an official said on Monday. Cosco sent a letter to Peru's economy ministry in mid-April to start a six-month negotiation process in order to reach an amicable resolution without having to resort to international arbitration, local media first reported on ...
Source: yahoo.com