Duke Energy v Republic of Peru (ICSID ARB/03/28) - Annulment Proceeding - March 1 2011 (Spanish)
Country
Year
2011
Summary
Decision:
For the reasons given above, the ad hoc Committee decides that:
(1) Peru's Application for Annulment is dismissed in its entirety.
(2) Peru shall bear all ICSID Costs incurred in connection with this annulment proceeding.
(3) Each Party shall bear its own Party Costs incurred in connection with this annulment proceeding.
(4) Pursuant to Article 52(5) of the ICSID Convention and ICSID Arbitration Rule 54(3), the stay of enforcement of the Award ordered by the ad hoc Committee in its decision of 23 June 2009 is terminated.