ICSID Orders Peru To Pay Mining Firm $24M For Trade Agreement Violations

Mealey's (December 1, 2017, 2:06 PM EST) -- WASHINGTON, D.C. — In a majority ruling, a tribunal for the International Centre for Settlement of Investment Disputes (ICSID) on Dec. 1 released its award in favor of a Canadian mining company for $24,223,775, plus interest, in damages for the expropriation of its mining investment in the Republic of Peru (Bear Creek Mining Corp. v. Republic of Peru, No. ARB/14/21, ICSID)....