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News Court ruled in favour of Cementos de Chihuahua

Court ruled in favour of Cementos de Chihuahua

Written by Global Cement staff 15 October 2015
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Bolivia/Mexico: A civil court in La Paz, Bolivia has ruled to suspend the damages sentence imposed by the Inter-American Commercial Arbitration Commission (CIAC) that obliged Mexican cement company Grupo Cementos de Chihuahua (GCC) to pay Bolivian investment company Compania de Inversiones Mercantiles (Cimsa) compensation. The decision, announced on 9 October 2015, sets the arbitration court to issue a new resolution and cancels the embargo sentence ruled by a court in Colorado, US. This resolution obliged GCC to provide information about its properties in Colorado and to cancel any assets sales in that area.

Last modified on 21 October 2015
Published in Global Cement News
Tagged under
  • Bolivia
  • Mexico
  • Grupo Cementos de Chihuahua
  • GCW223

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