Region: Peru

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

Ricardo Ampuero Llerena, the former head of the government commission that represents Peru in investment disputes, speaks to GAR about the state’s track record in investor-state arbitration, his hopes for ISDS reform and concerns over recent proposals to regulate domestic arbitration in the country.

30 March 2021

Spain’s Telefónica has filed an ICSID claim against Peru – its fourth against a Latin American state – over the treatment of its local operations by tax authorities.

15 March 2021

Peru is considering a bill that will require all arbitrators in domestic cases to have their legal qualifications certified by a state regulator or face removal from tribunals – a move that practitioners warn will cause “chaos” and effectively bar foreign lawyers from hearing those disputes.

25 February 2021