Arbitration Collapses Over Misconduct:

Terra Towers Moves to File a Landmark Counterclaim.

The collapse of the arbitration due to improper conduct frees Terra Towers to present its full case before a new tribunal that upholds the law.

Terra Towers Statement on Conclusion of Flawed Arbitration Process: Company to Pursue Hundreds of Millions in Counterclaims Before Neutral Tribunal
Arbitration Terminated After Chair’s Unprecedented Blog Post and Pattern of Procedural Violations
New York, November 13, 2025 – Terra Towers, the majority shareholder of Continental Towers, together with TBS Management and DT Holdings, today issued the following statement regarding the conclusion of arbitration proceedings marred by serious procedural irregularities and apparent bias:
On November 11, 2025, in an extraordinary breach of judicial conduct, the chair of the arbitration tribunal published a post on his personal blog expressing opinions about unresolved facts and questions of law in the pending matter. Hours later, the tribunal issued its final award.
The tribunal’s own actions speak volumes: it declined to award further damages and abruptly terminated the case—a transparent attempt to insulate itself from challenge for bias. Tellingly, the award specifically provides that counterclaims by Terra Towers, TBS Management, and DT Holdings may be filed before a new tribunal.
This was not an isolated incident. It was the culmination of a disturbing pattern of procedural violations:
May 2025: The tribunal issued an injunction without notice or opportunity to be heard—a fundamental violation of due process. Peppertree subsequently abandoned this injunction.

October 2025: The tribunal attempted to instruct the United States District Court for the Southern District of New York on how to manage its docket, again without notice or opportunity to be heard. The federal court rejected this improper interference.
Throughout the proceedings: The tribunal made purported findings of fact without providing notice or an opportunity to be heard—violations of the most basic principles of fairness and natural justice.
Out of respect for the arbitral process, Terra Towers, TBS Management, and DT Holdings have been constrained in the information they could share publicly. That constraint has now been lifted.
We are gratified that this fundamentally compromised process has concluded, and that we are now able to proceed with our counterclaim. Criminal authorities in Guatemala and El Salvador can now complete their investigations without continued interference from a tribunal that exceeded its mandate and disregarded established procedures.
We are confident in our recovery of damages before a neutral tribunal that respects due process and the rule of law.
Terra Towers and its partners look forward to full vindication of their rights and to holding all responsible parties accountable for their actions.
About Terra Towers
Terra Towers is the majority shareholder of Continental Towers, a leading telecommunications infrastructure company operating in Central America.