Investors Serve Peru With Notice Of Arbitration, Seek Payment Of Land Bonds

(February 3, 2016, 2:22 PM EST) -- GREENWICH, Conn. — A group of investors on Feb. 1 served the Republic of Peru with a notice of intent to commence arbitration under a promotion trade treaty, seeking payment in relation to their investment in Peruvian agrarian reform bonds.

(Notice available. Document #05-160223-004X.)

Gramercy Funds Management LLC, Gramercy Peru Holdings LLC and Gramercy Investment Advisors LLC (collectively Gramercy) issued a notice of intent to commence arbitration under the United States–Peru Promotion Agreement (the treaty).

Land Bonds

Gramercy said the dispute arose out of Peru's efforts...
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