Investors Seek To Enforce $100M Award Against Peru For Devalued Land Bonds

Mealey's (March 15, 2023, 11:53 AM EDT) -- WASHINGTON, D.C. — Two U.S. investment entities on March 14 filed a petition in District of Columbia federal court to confirm an International Centre for Settlement of Investment Disputes (ICSID) arbitral award in their favor worth more than $100 million against the Republic of Peru for arbitrarily devaluing the entities’ land bonds, which were first issued in 1969 as compensation for agrarian lands seized by the government....