We represent CONSORCIO CERCADO’S, a company established in Peru whose leader is COVALCO CIA LTDA, an important company from Ecuador that has more than 27 years of experience in the electrical, electronic, and mechanical market.
CONSORCIO CERCADO’S and Universidad Nacional Pedro Ruiz Gallo (hereinafter, “UNPRG”) signed a contract for the provision of conditioning and maintenance services for the laboratories and classrooms of various faculties of the UNPRG.
The controversy begins when the UNPRG stops recognizing payments to CONSORCIO CERCADO’S for the services performed. In addition, UNPRG decided to hire a third party to carry out the missing services. Finally, the UNPRG unilaterally decides to terminate the contract in contravention of the Peruvian law.
Up to date, UNPRG owes CONSORCIO CERCADO’S the approximate sum of S/ 5’000,000.00 soles, around USD 1.3 million
Faced with this situation, CONSORCIO CERCADO’S initiated arbitration against UNPRG, before the Lambayeque Arbitration Center.
