Overview
- On March 10, Deviandes filed in the U.S. District Court for the District of Columbia seeking recognition and execution of a November 2024 ICSID award.
- The ICSID tribunal ordered Peru to pay $99.4 million after finding breaches tied to the Carretera Central concession.
- Findings included failure to complete formal acceptance of works, inadequate response to protests that blocked opening of the Ticlio toll, and preventing operation and revenue collection at the station.
- If the U.S. court grants enforcement, Deviandes could pursue attachment or other measures against Peruvian state assets abroad if payment is not made.
- A recent Kuntur Wasi case in the same court resulted in a default finding and roughly $91 million owed by Peru, highlighting enforcement risk.