Region: Peru

A win for Cameroon and other news at ICSID

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

Peru faces claim over gold seizure

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

Peru faces second ICSID claim over metro project

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

Peru defeats hydro claims at ICSID

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

Peruvian contractor defends lawyers accused of “switching sides”

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

Peru liable in metro dispute at ICSID

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

Cuatrecasas lawyers accused of “switching sides” in Peru refinery dispute

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

Gold trader takes Peru to ICSID over criminal probes

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

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