Region: Peru

Peru faces bid to enforce bus concession awards

A businessman who was assigned awards worth US$55 million plus interest against the Peruvian municipality of Lima and its transport authority has applied to a US court to enforce them against Peru.

08 January 2024

Peru sees off claims at ICSID

Peru has defeated an ICSID claim by investors in a failed hydropower project, as a case brought by gas refinery investor is discontinued and a new claim by a Norwegian-owned storage tank supplier is reportedly threatened.

04 January 2024

Media company seeks to revive claim against Peru

Peru has hired external counsel to resist an attempt by a media company to revive a US$627 million investment treaty claim through set-aside proceedings in the Dutch courts.

15 December 2023

Lima fails to dislodge arbitrators in highway dispute

The Peruvian municipality of Lima has failed to disqualify Luca Radicati di Brozolo and David Arias from hearing an UNCITRAL arbitration over a highway concession, having already filed a criminal complaint against the arbitrators.

29 November 2023

Electricity investors seek to enforce against Peru

Singaporean companies linked to Israeli billionaire Idan Ofer have applied to a US court to enforce an ICSID award against Peru worth more than US$116 million plus interest.

15 November 2023

Electricity investor reports win against Peru

UPDATED WITH AWARD: A Singaporean company linked to an Israeli billionaire has won US$116 million in a third-party funded ICSID claim against Peru over its investments in the state’s electricity sector.

05 October 2023

Peru on the hook for ICC awards in Canada

A Canadian court has ruled that ICC awards worth US$190 million rendered against a Peruvian ministry and one of its entities are also enforceable against Peru as they have no separate legal identity.

03 October 2023

Mexican media group brings claim against Peru

A Mexican multimedia group has lodged an ICSID case against Peru – having previously threatened to file a claim over a concession to roll out a fibre optic network.

24 August 2023

Peru liable in airport dispute at ICSID

An ICSID tribunal has found Peru liable in a dispute with an Argentine-led consortium over a concession for an airport near Machu Picchu, with damages still to be finalised.

15 August 2023

Peru

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28 July 2023

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