ICSID Orders Peru To Pay Singaporean Investors $115M For Energy Dispute

(November 2, 2023, 7:39 AM EDT) -- WASHINGTON, D.C. — The International Centre for Settlement of Investment Disputes (ICSID) published a tribunal’s award ordering the Republic of Peru to pay more than $115 million to two Singaporean electricity investors after finding that the nation passed a “seriously arbitrary” new regulation harming their investment in power generation....