The American multinational McDermott withdraws from litigation against Colombia over the millionaire cost overruns in Reficar

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The American multinational McDermott withdraws from litigation against Colombia over the millionaire cost overruns in Reficar

British engineering company CB&I, a subsidiary of US multinational McDermott, has taken a step back by withdrawing from the lawsuit it had advanced against Colombia before the International Centre for Settlement of Investment Disputes (ICSID), a body dependent on the World Bank with headquarters in Washington. With this news, made public on Tuesday, the last chapter of one of the great corporate scandals in Colombia in recent times is concluded,…