THE RENCO GROUP, INC v THE REPUBLIC OF PERU (Interpretation decision)
ICSID · Investment (ICSID and treaty) · International (investor-state) · February 20, 2015
Why it matters
THE RENCO GROUP, INC v THE REPUBLIC OF PERU is an investment-treaty arbitration, in which a foreign investor argued that a state had fallen short of the protections it had promised under a treaty. It is dated February 20, 2015. Disputes of this kind turn on the balance between an investor's protections and a state's freedom to regulate in the public interest. The tribunal's full reasoning, and any sum awarded, are set out in the original.
Summary
This is the interpretation decision in THE RENCO GROUP, INC v THE REPUBLIC OF PERU, dated February 20, 2015. It comes from the field of investment-treaty arbitration, in which a foreign investor brings a claim against a state, contending that the state has fallen short of the protections it promised investors under a treaty. The matter proceeded under the UNCITRAL Rules and the relevant trade agreement, administered by ICSID, under case number UNCT/13/1. The tribunal's reasoning, and any sum it awarded, are set out in the original; this entry links to the case on ICSID's own record.
The detail
Parties: THE RENCO GROUP, INC v THE 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.