#USA #New York #arbitration #Terra Towers #Continental Towers

Terra Towers to Challenge Arbitration Decision

In a recent turn of events, Terra Towers, the majority stakeholder in Continental Towers, alongside TBS Management and DT Holdings, has announced its intention to pursue counterclaims following the conclusion of a contentious arbitration process. The arbitration, which wrapped up on November 11, 2025, was mired in allegations of irregularities and partiality, triggering serious doubts about its integrity.

The arbitration tribunal issued its final ruling that day, but not without controversy. Terra Towers has characterized the proceedings as fundamentally flawed, noting that the arbitration panel made findings without allowing for adequate response or participation from the affected parties. One such instance involved a procedure ordered in May 2025, which took place without prior notice to affected stakeholders. Additionally, there were attempts to manipulate the case's docket that were swiftly rejected by the court in New York.

Moreover, the tribunal chair has received criticism for publishing negative remarks about the respondent parties on his personal blog, which raises questions regarding potential bias. Despite claims from minority shareholders represented by TPG Perpertree suggesting the matter has been resolved, Terra Towers maintains that the dispute is far from over.

With the arbitration process now concluded, Terra Towers is equipped to move forward with counterclaims, and it emphasizes its commitment to bringing transparency to the situation. The company further stresses that it will utilize all legal avenues available to address the perceived injustices faced during the arbitration.

A crucial aspect of the ongoing conflict is the perceived overreach of the arbitration panel. Terra Towers contends that the panel's actions, particularly those seemingly influencing law enforcement matters in Guatemala and El Salvador, fall outside its jurisdiction and indicate a lack of respect for sovereign legal processes.

As the dust settles from this arbitration, it is clear that legal tensions between the majority and minority shareholders will continue to play out in court. Terra Towers is poised to reframe its narrative, presenting perspectives and facts that they believe were obscured during the arbitration. The outcome of their counterclaims could have significant implications not just for the shareholders involved, but also for the larger landscape of corporate governance and shareholder rights.

In summary, Terra Towers is resolute in its quest for justice, asserting that the resolution of this dispute lies not in a flawed arbitration award, but in a legitimate judicial process. The coming months will likely see further developments in this high-stakes corporate battle as the majority shareholders prepare to present their case in a new tribunal, advocating for fairness and accountability in corporate governance practices.