2011
Levy and Gremcitel v. Peru Renée Rose Levy and Gremcitel S.A. v. Republic of Peru (ICSID Case No. ARB/11/17)
Peru
France
Direct and indirect controlling shareholding in Peruvian company that held title to three parcels of land located in the Municipality of Chorrillos, Peru.
Claims arising out of disagreements between the parties concerning the legal effects of three sales contracts of land for a property development project, and the issuance of a resolution by Peru's National Institute of Culture establishing boundaries delimitations that allegedly imposed on the land an intangibility status which did not exist until then and hence rendered claimants' project meaningless.
Tertiary: L - Real estate activities
68 - Real estate activities
ICSID (International Centre for Settlement of Investment Disputes)
ICSID (International Centre for Settlement of Investment Disputes)
Kaufmann-Kohler, G.
Zuleta, E.
Vinuesa, R. E.
Decided in favour of State
41000.00 mln USD
Data not available
Fair and equitable treatment/Minimum standard of treatment, including denial of justice claims
None - jurisdiction declined
None