Peru Says ICSID Tribunal Lacks Jurisdiction Over U.S. Gas Investor’s $136.3M Claim

Mealey's (December 15, 2022, 12:36 PM EST) -- WASHINGTON, D.C. — The Republic of Peru writes in a countermemorial recently published by the International Centre for Settlement of Investment Disputes (ICSID) that a tribunal lacks jurisdiction over a U.S. investor’s claims that it expropriated his investment in a gas business, causing $136.3 million in damages, arguing that the claims are time-barred and were previously rejected by two other arbitral tribunals....