Investors Say Peru Has No Defense To Enforcement Of $108M Land Bond Award

Mealey's (April 19, 2024, 1:24 PM EDT) -- WASHINGTON, D.C. — Two U.S. investment entities filed a brief opposing the Republic of Peru’s motion to dismiss their petition to confirm an International Centre for Settlement of Investment Disputes (ICSID) arbitral award in their favor worth more than $108 million issued in relation to a decades-old land bond dispute, writing that Peru has no legal basis for opposition and is trying “to rewrite the history of its unlawful conduct.”...