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ICSID tribunal orders parties not to aggravate $1.8billion Peruvian bond dispute (Gramercy v Peru)

Published on: 11 September 2018
Published by: Law360
  • ICSID tribunal orders parties not to aggravate $1.8billion Peruvian bond dispute (Gramercy v Peru)
  • What did the tribunal decide?
  • What was the background to this decision?

Article summary

Law360: An International Centre for Settlement of Investment Disputes (ICSID) arbitral tribunal has ordered Gramercy Funds Management LLC and Peru to avoid aggravating their $1.8bn dispute over old government bonds at the request of the country, which claimed the US asset manager has exacerbated the conflict with actions like spreading negative information about the nation in the press. or take a trial to read the full analysis.

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