Treaty claim against Peru moves to ICSID
The House of Pizarro, Peru's government palace (Credit: iStockphoto/Starcevic)
ICSID has taken on the administration of a two-year old treaty claim now worth US$1.8 billion that has been brought against Peru by a US hedge fund for destroying the value of bonds issued to Peruvians 50 years ago by the country’s former left-wing dictatorship.
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