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Covinca S.A. institutes ICSID arbitration proceedings against Peru

Photo by kimi lee / Unsplash

Dissatisfied with remedies the Peruvian state has provided after toll collection was suspended following the declaration of a national emergency, a mandatory lockdown as well as the unconstitutional enactment of Act No. 31.018, Covinca S.A. has filed a request for arbitration with the ICSID seeking compensation for lost income.

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