La problemática del restablecimiento del equilibrio económico en la contratación pública internacional: la crisis de la amplicación del Canal de Panamá

Authors

  • Francisco L. Hernández González

Keywords:

The Panama Canal expansion is one of the most important public works

Abstract

The Panama Canal expansion is one of the most important public works projects in recent times. Both the awarding of the contract and its execution have been surrounded by intense controversy. The head came in February 2014 when the contractor halted construction work due to the Canal authority’s failure to maintain the economic balance of the contract. This article explains the circumstances surrounding this dispute, focusing analysis on the causes and consequences of contractual amendments. These are classic problems that affect all public procurement systems. The lessons drawn from this extraordinary case are valid for other legal systems.

Issue

Section

IBERO-AMERICAN ADMINISTRATIVE REPORT