ICE loses $2.300.000 by breaking contract in Costa Rica

By breaking a contract to build four lines of electric broadcast, ICE paid contractor $2.300.000.

Friday, August 1, 2008

ICE did not contribute to clear the land, the designs and the materials required to install the networks, the project increaased in cost by 37% at the end of three years. The companies hired by the Institute demanded the profits that were lost as well as losses incurred by having idle officials and teams. ICE agreed to pay the losses of $2.3 million to the Italian consortium SIME-LAECA.

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Herbalife to Pay $200 million in Compensation

July 2016

The vitamin supplements company will have to restructure its multi-level marketing operation and pay $200 million in compensation to the affected distributors.

The US Federal Trade Commission (FTC)  announced that the multinational company Herbalife will have to pay $200 million in compensation to consumers / distributors who were tricked with promises of earning sums of money that never appeared. 

Panama: $20 million for Cancellation of Power Contract

July 2015

As compensation for having suspended an electricity supply contract using a floating thermoelectric generation plant, the government will pay AES Panama up to $20 million.

The contract was canceled at the request of the Varela government, which pointed to the high costs of supplying electricity.

Compensation Fund for Hydropower Projects

October 2013

Guatemala's government is planning to create a fund from the fees paid by hydropower stations.

According to an article in Prensalibre.com "the creation of an energy fund could be, according to the Ministry of Energy and Mines (MEM), a solution to the social conflict caused by hydroelectric energy, although the proposal already has opponents. "

NIKE To Provide Compensation for Closure of Honduran Factories

July 2010

The multinational has reached an agreement with the main Honduran labor union to create a $1.54 million relief fund to help workers made redundant.

Two factories that supplied NIKE were forced to close in January 2009 and still owe $2 million in salaries and benefits to 1,800 employees, an insignificant amount compared to its $19 billion revenues last year.

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