The Renco Group, Inc. v. Republic of Peru, UNCT/13/1, UNCITRAL arbitration, administered by ICSID.
One of the largest investment arbitrations that Peru has dealt with. First arbitration under the Investment Chapter of the Peru - United States Free Trade Agreement. The case is related with the operations of Doe Run Peru´s Metallurgical Complex at La Oroya, in Peru and environmental matters. On July 15, 2016, the Tribunal issued a partial award rejecting all of Claimant´s claims for lack of jurisdiction since Renco presented an invalid waiver under Investment Chapter of the Peru - US FTA. Then, on November 9, 2016 the Tribunal issued a Final Award on costs.
Matter value: More than US$ 800 million