ICSID Dismisses Renco's Treaty Claims Against Peru For Lack Of Jurisdiction
(July 20, 2016, 2:40 PM EDT) -- PARIS — After determining that the Renco Group Inc. failed to establish that the Republic of Peru consented to arbitration under a treaty, a tribunal for the International Centre for Settlement of Investment Disputes (ICSID) on July 19 released its award dismissing all of the group's claims against Peru for lack of jurisdiction (The Renco Group, Inc. v. Republic of Peru, No. [UNCT/13/1], ICSID).
(Partial award available. Document #05-160726-009A.)
The Renco Group Inc. filed a notice of arbitration against Peru pursuant to Article 10.16(2) of...