Arbitrators Side with Peppertree in $354 Million Ruling Against Terra Towers and Jorge Hernandez

Whats Happening:

Peppertree Capital Management has secured a $354 million arbitration award against Terra Towers Corp., DT Holdings, and businessman Jorge Hernandez. The ruling stems from a dispute over the sale of Continental Towers LATAM Holdings Limited, a Latin American telecommunications company. The arbitrators found the respondents liable for breaching agreements, interfering with business operations, and engaging in harmful conduct.

Key Moves:

• Arbitrators award Peppertree Capital Management over $354 million

• Award includes $25 million in punitive damages

• Ruling finds Terra Towers and Jorge Hernandez liable for breaching agreements

By The Numbers:

• Total arbitration award exceeds $354 million

• Punitive damages amount to $25 million

• Peppertree has over $6.5 billion under management

Bottom Line:

The $354 million arbitration award in favor of Peppertree Capital Management highlights the significant financial implications of breaching investment agreements in the telecommunications sector. This ruling underscores the importance of adhering to contractual obligations and the potential consequences of interfering with agreed-upon business processes, particularly in cross-border investments.

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