ICSID case UNCT/13/1 (Interpretation decision)
ICSID · Investment (ICSID and treaty) · International (investor-state) · April 12, 2006
Why it matters
The Renco Group, Inc. v. Republic of Peru, an investment arbitration administered by ICSID under the UNCITRAL Rules, a NAFTA-style claim under the United States-Peru Trade Promotion Agreement concerning a metals smelter and environmental liability. This document is the decision on interpretation in that case. For a student, it is a worked example of investor-state dispute settlement under a free trade agreement: how a tribunal weighs a state's regulatory measures against the investment protections owed to a foreign investor.
Summary
The Renco Group, Inc. v. Republic of Peru: the decision on interpretation in an UNCITRAL arbitration administered by ICSID. A NAFTA-style claim under the United States-Peru Trade Promotion Agreement concerning a metals smelter and environmental liability. The full reasoning is set out in the original.
The detail
Parties: The Renco Group, Inc. v. Republic of Peru
Case number: Case No. UNCT/13/1
Outcome: Interpretation decision in case UNCT/13/1. See the original for the disposition and any quantum.
Applicable law: UNCITRAL Arbitration Rules; the applicable trade agreement; ICSID-administered.
Issues in play: A foreign investor's treaty protections against a sovereign state's right to regulate.
Read the full decision at ICSID case database ↗
Locus Standi links to the source decision and publishes its own plain-language summary. It does not reproduce the text of the award.