Companies Seek $1.80B Payment From Peru For Land Bonds In ICSID Case

Mealey's (July 20, 2018, 1:59 PM EDT) -- WASHINGTON, D.C. — The International Centre for Settlement of Investment Disputes (ICSID) on July 19 released the third notice of arbitration filed by a funds management company and a holding company against the Republic of Peru, in which they seek $1.8 billion in damages for the value of Peruvian land bonds (Gramercy Funds Management LLC and Gramercy Peru Holdings LLC v. Republic of Peru, ICSID Case No. UNCT/18/2)....