Split ICSID Tribunal Awards $100M For Peruvian Land Bonds, U.S. Company Says

Mealey's (December 16, 2022, 1:05 PM EST) -- WASHINGTON, D.C. — Two U.S. investment entities recently announced that in a nonpublic award, a split International Centre for Settlement of Investment Disputes (ICSID) tribunal awarded them $100 million for the Republic of Peru’s failure to provide the minimum standard of treatment to land bonds they acquired from the republic more than 50 years ago in violation of the U.S.-Peru Trade Promotion Agreement (TPA)....