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Italian investors have launched a US$65 million UNCITRAL claim against Peru after a state authority allegedly seized gold bars to satisfy a third-party tax liability.
16 September 2021
A Spanish-Italian consortium has brought a second ICSID claim against Peru over a project to build Lima’s second metro line – weeks after the state was found liable in the first case.
23 August 2021
Six hydroelectric power companies have seen their ICSID case against Peru dismissed on jurisdiction after a tribunal ruled that they could not combine their claims to meet contractual requirements that disputes must be worth over US$20 million to be heard at the centre.
18 August 2021
A Peruvian contractor has hit back at allegations that its victory in an ICC dispute over a refinery project was tainted by two lawyers’ move to a different law firm, calling it “nothing more than an eleventh hour tantrum”.
03 August 2021
An ICSID tribunal has held Peru liable in a contractual claim over a project to build Lima’s second metro line, ruling that the state was responsible for delays in the works and must pay damages – also dismissing a US$700 million counterclaim.
08 July 2021
A Spanish-owned contractor on a Peruvian refinery project has challenged a US$38 million ICC award, alleging that two members of its external counsel team violated ethical rules by joining the other side’s law firm before the case had concluded.
17 June 2021
A Dubai-based precious metals company has launched a US$75 million ICSID claim against Peru after it was targeted by authorities investigating alleged illegal gold trading and money laundering.
21 May 2021
A subsidiary of Denmark’s Maersk Group has filed a new ICSID claim against Peru, four years after settling a previous arbitration over a delay-hit project to modernise one of the country’s largest ports – while the state has also been threatened over a fibre optic project.
20 May 2021
A Peruvian state agency has filed an ICC claim against an oil consortium, accusing it of using liquidation proceedings to escape its contractual and environmental obligations.
13 May 2021
Peruvian presidential frontrunner Pedro Castillo has pledged to withdraw the country from ICSID and other ISDS mechanisms and create a new regional arbitration centre for South American nations if he wins a runoff vote in June.
07 May 2021
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