ICSID Tribunal Orders Peru To Pay More Than $50M For Canceling Airport Contract

(October 2, 2023, 11:37 AM EDT) -- WASHINGTON, D.C. — The International Centre for Settlement of Investment Disputes (ICSID) published a tribunal’s award on jurisdiction, liability and certain aspects of quantum, awarding more than $50 million to an Argentine investor and its Peruvian subsidiary, who were awarded a contract to build an airport in Peru that was unfairly terminated....