Key Takeaways
- • Majority shareholders of a Central and South American telecommunications tower business are challenging a $300 million arbitration award owed to minority shareholders, according to Law360.
- • The majority shareholders have asked the Second Circuit to vacate the award, arguing the arbitrator was biased against them.
- • The appeal centers on alleged arbitrator bias rather than the underlying merits of the award, as reported in the primary source.
Summary
Majority shareholders of a Central and South American telecommunications tower business are fighting a $300 million arbitration award they were ordered to pay to the business's minority shareholders, according to a Law360 report dated October 29, 2026. The majority shareholders have told the U.S. Court of Appeals for the Second Circuit that the arbitrator was biased against them, which forms the basis of their effort to overturn the award.
The filing marks a challenge to the arbitral process rather than a direct contest of the award's financial calculations, based on the information available in the primary report. The article does not detail the specific evidence of bias or the arbitrator's identity, and the available source material is limited to the opening of the Law360 story and its subscription messaging.
For institutional investors with exposure to cross-border minority shareholder disputes in Latin America, the case illustrates the enforceability risks that can accompany arbitration awards. A successful bias challenge could reopen or unwind a $300 million recovery, while an affirmation would strengthen the position of minority holders in the tower business.
The filing marks a challenge to the arbitral process rather than a direct contest of the award's financial calculations, based on the information available in the primary report. The article does not detail the specific evidence of bias or the arbitrator's identity, and the available source material is limited to the opening of the Law360 story and its subscription messaging.
For institutional investors with exposure to cross-border minority shareholder disputes in Latin America, the case illustrates the enforceability risks that can accompany arbitration awards. A successful bias challenge could reopen or unwind a $300 million recovery, while an affirmation would strengthen the position of minority holders in the tower business.
Go deeper than the headline
Research every firm in this story, track the ones that matter and get the daily briefing — free for 7 days.