Canada’s federal government stepped in on Tuesday, implementing final and binding arbitration to resolve labor disputes at ports in British Columbia and Montreal. With pressure from commerce groups and business leaders, Labour Minister Steven MacKinnon emphasized the impact on jobs, economy, and reputation. The move aims to bring back stability and resume operations.
The International Center for Settlement of Investment Disputes (ICSID) of the World Bank will arbitrate a case involving Montecon shareholders and the Uruguayan state over container movement rights at Montevideo Port. Neltume Ports protests the exclusivity granted to TCP, operated by Katoen Natie, alleging a breach of free competition laws. Montecon seeks damages up to $600 million, citing violations of Investment Promotion and Protection treaties. President Lacalle Pou defends TCP investment for economic growth.
