Peru Wins ICSID Contract Claim
January 5, 2009, Latin Lawyer

As reported in Latin Lawyer and Global Arbitration Review, an international arbitration tribunal ruled unanimously in favor of the Republic of Peru in a $150 million energy dispute arising under a legal stability agreement before the International Centre for Settlement of Investment Disputes (ICSID) in Washington, DC.

Jonathan Hamilton, a partner in the International Arbitration Practice at White & Case in Washington, DC, who led the team representing Peru, says: "The award makes an important contribution to the understanding of stability agreements as a tool for the promotion and protection of foreign investment."

To read more about the case, click here.