Region: Peru

Canadian bank brings ICSID claim against Peru

A Canadian bank has brought an ICSID claim against Peru over a nearly 15-year long tax dispute, as a contractor turns to new counsel to challenge an award in a separate dispute with the Andean state.

25 November 2022

Peru’s evidence in Odebrecht cases leads to rift with Brazil

Brazilian prosecutors have reportedly suspended cooperation with Peru on high-profile corruption investigations because of concerns about the state’s use of evidence in arbitrations relating to Odebrecht projects.

24 November 2022

A loss and a win for Peru

A US infrastructure group has won a US$177 million ICC award against a Peruvian government agency over a terminated project to build rural telecoms networks, as the Andean state announces it has defeated a US$97 million treaty claim by an oil investor.

11 August 2022

“Side-switching” challenge rejected on appeal

A Spanish contractor has failed in a renewed bid to overturn a US$40 million ICC award over a Peruvian refinery on the basis that two members of its counsel team joined the opposing side’s law firm while the arbitration was pending – as a separate dispute over a US$1 billion project in Algeria gets underway.

27 July 2022

Texas investor brings ICSID claim against Peruvian state entity

A Texas-based energy company has brought an ICSID claim against a Peruvian state entity that allegedly refused to extend a licence agreement for oil and gas exploration.

14 July 2022

Peru sees off bulk of ICSID claim over highway project

Peru says it has knocked out most of a US$150 million ICSID claim by a construction contractor over a delayed project to improve a stretch of the Pan-American highway.

05 July 2022

Peru threatens claim against Repsol over oil spill

Peru has said it is contemplating international arbitration against Spanish energy company Repsol after declaring an environmental emergency over a massive oil spill off the country’s coast.

31 January 2022

A win for Cameroon and other news at ICSID

UPDATED: Before the holiday break, Cameroon defeated an ICSID claim worth nearly US$1 billion and new claims were filed against Mali, Guyana, Peru and Hungary – while Italy failed again to knock out an Energy Charter Treaty case.

04 January 2022

Turkey and Peru face ICSID claims

Italian energy group Enel has launched an ICSID claim against Turkey, while Peru is seeking external counsel for two new claims relating to highway and metro concessions.

13 December 2021

Andean states face investment disputes

A cement consortium’s claim against Bolivia has come to light, as Peru is hit with an ICSID claim over a road project and Chile is threatened for a third time over its private pension reforms.

25 October 2021

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