We advise ACS, belonging to Conduent, a French American company. ACS executed one of the most substantial contracts with the Urban Transportation Authority (ATU in Spanish) for the deployment of video surveillance cameras, designed to implement a traffic enforcement system enabling the ATU to effectively monitor and regulate traffic flow on key avenues in Lima, the capital city. The value of this Contract exceeds USD 10 million.
ACS approached us to advise on pursuing arbitration, owing to the ATU’s failure to perform its obligations and facilitate project completion over a period of three years. As a result, an arbitration has been initiated to seek compensation from the ATU for breaching the contract and causing losses to ACS.
As of the current date, arbitration has been initiated, and we are currently within the deadline for submitting the Claim.
