Bear Creek Mining v. Peru Bear Creek Mining Corporation v. Republic of Peru (ICSID Case No. ARB/14/21)
Rights under a concession agreement concluded with the claimant to operate the Santa Ana silver mining site in Peru.
Claims arising out of the enactment by the Government of Supreme Decree 032 that revoked claimant's concession to operate the Santa Ana mining project in Peru on the ground that it was no longer in the national interest, resulting in a complete cease of activities at Santa Ana and alleged significant damages to the claimant.
Primary: B - Mining and quarrying
7 - Mining of metal ores
ICSID (International Centre for Settlement of Investment Disputes)
ICSID (International Centre for Settlement of Investment Disputes)
Böckstiegel, K.-H.
Pryles, M. C.
Sands, P.
Decided in favour of investor
522.20 mln USD
18.20 mln USD
Direct expropriation

Indirect expropriation

Fair and equitable treatment/Minimum standard of treatment, including denial of justice claims

Full protection and security, or similar

Arbitrary, unreasonable and/or discriminatory measures
Indirect expropriation