Servicios Comerciales Andinos, S.A. v. General Electric Del Caribe, Inc.
The U.S. Court of Appeals for the 1st Circuit modified the lower court's award of lost profits and unforeseeable damages based on GE's breach of contract with Servicios, a Peruvian company.
Lost Profits Award Is Not Reduced for Potential Taxes
The U.S. Court of Appeals for the 1st Circuit modified the lower court's award of lost profits and unforeseeable damages based on GE's breach of contract with Servicios, a Peruvian company.