Arbitral Digest

Matter

Lupaka Gold Corp. v. Republic of Peru (ICSID Case No. ARB/20/46)

Case no.
ARB/20/46
Applicable rules
ICSID Arbitration Rules 2006
  1. 30 June 2025Arbitration

    30 June 2025Arbitration

    Award (Redacted)

    International Centre for Settlement of Investment Disputes

    Decision summary
    The Tribunal found that the Centre had jurisdiction and that the Tribunal was competent; attributed the conduct of the Paran Community and its members acting for the Community to Peru; found breaches of the Canada-Peru FTA's full protection and security, fair and equitable treatment, and expropriation obligations; dismissed the most-favored-nation claim as moot; awarded Lupaka Gold Corp. US$40.4 million plus compound interest; and ordered Peru to reimburse Lupaka Gold Corp. US$4,215,956.42 in costs and expenses with compound interest.

    Supporting details

    3 authorities · 12 participants
    Lupaka Gold Corp.
    Representative
    Jaime Gallego (For: Lupaka Gold Corp.)
    Republic of Peru
    Representative
    Luis Miguel Velarde Saffer (For: Republic of Peru)
    Representative
    Stela Negran (For: Republic of Peru)
    Representative
    Paolo Di Rosa (For: Republic of Peru)
    Representative
    Patricio Grane Labat (For: Republic of Peru)
    Representative
    Timothy Smyth (For: Republic of Peru)
    Representative
    Jean Pierre Galvan Ortiz (For: Republic of Peru)
    International Centre for Settlement of Investment Disputes
    Arbitrator
    John R. Crook
    Arbitrator
    Gavan Griffith

    Authorities cited

    3
    • Convention on the Settlement of Investment Disputes between States and Nationals of Other States (ICSID Convention)
      treaty
    • ICSID Arbitration Rules 2006 (ICSID Arbitration Rules in force as of 10 April 2006)
      rules
    • Canada-Peru Free Trade Agreement, signed 29 May 2008, in force 1 August 2009
      treaty

Matter record

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Lupaka Gold Corp. v. Republic of Peru (ICSID Case No. ARB/20/46) · Matter