Peru faces $30 billion in arbitration claims as new president takes office
Peru is the most-sued state at the World Bank's ICSID arbitration tribunal, facing a worst-case liability of roughly $30 billion, or 9.28% of GDP, from 20 to 24 pending investor-state cases. The largest single claim comes from Canada's Brookfield, seeking about $2.7 billion over the Rutas highway project.
Peru is the most-sued state at the World Bank's International Centre for Settlement of Investment Disputes (ICSID), facing a worst-case liability of roughly $30 billion, or 9.28% of GDP, from 20 to 24 active investor-state cases, according to a country-risk assessment.
The largest single claim comes from Canadian investment firm Brookfield, which is seeking approximately $2.7 billion over the Rutas highway project. Other pending cases stem from contract disputes in the mining, energy and infrastructure sectors.
The risk assessment emerged as the country's new president took office, raising questions about the incoming administration's fiscal priorities. Economists said potential settlement payments could place notable strain on the public budget in the years ahead.
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