WebOther arbitrations Peru is facing in ICSID include a $1.6 billion claim lodged by emerging markets investor Gramercy Funds over old government bonds that the South American nation has allegedly ... Gramercy Funds Management LLC and Gramercy Peru Holdings LLC v. Republic of Peru, ICSID Case No. UNCT/18/2. Case type: International Investment Agreement. Applicable arbitration rules: UNCITRAL Arbitration Rules (2013) Investment treaty: US-Peru Trade Promotion Agreement (2006) Applicable legal instruments:
José Tam italaw
WebSimilarly, in Gramercy Funds Management LLC and Gramercy Peru Holdings LLC v. Republic of Peru, ICSID Case No. UNCT/18/2, Debevoise represents two Delaware entities who invested in Peruvian agrarian bonds. Peru has objected to the jurisdiction of the tribunal under the US-Peru FTA on various grounds, including relating to the claimants ... WebA.Gramercy’s Investment 5. When Gramercy Funds Management LLC (“GFM”) and Gramercy Peru Holdings LLC (“GPH”) (collectively, “Gramercy” or “Claimants”) invested in over 9,600 Land Bonds during 2006 to 2008, it legitimately expected that Peru would responsibly honor its debt. 6. After all, Peru was a darling of emerging market countries. shantel mcdowell
IN THE UNITED STATES DISTRICT COURT FOR THE DISTRICT …
WebGramercy Funds Management and Gramercy Peru Holdings in winning a $100 million award in an UNCITRAL arbitration against the Republic of Peru relating to Peru’s agrarian reform bonds, which is the largest amount awarded against Peru in any treaty arbitration and the first decision finding Peru liable under the U.S.-Peru Trade Promotion Agreement. WebRepublic of Peru, ICSID Case No. ARB/14/21 Expert Report of Alfredo Bullard González (English) Expert Report of Alfredo Bullard González (Spanish) ... Gramercy Funds Management LLC and Gramercy Peru Holdings LLC v. Republic of Peru, ICSID Case No. UNCT/18/2 Claimant's Second Amended Notice of Arbitration and Statement of Claim; WebFeb 3, 2024 · The ICSID Caseload - Statistics contains a profile of the ICSID caseload since the first case was registered in 1972. View All. Resources . Publications. ... Gramercy … shantel mclean