Please refer to the Company’s news releases for the latest updates regarding the arbitration against the Republic of Peru.
Dates in arbitration
12 December 2019 Lupaka delivers “Notice of Intent to Submit a Claim to Arbitration”. *
27 December 2019 Peru acknowledged receipt of Notice of Intent.
27 August 2020 Peru communicates their appointment of legal counsel for Peru’s defence.
23 September Lupaka selects arbitrator for arbitration suit. **
21 October 2020 Lupaka (Lalive) files Request for Arbitration.
27 October 2020 Letter from Peru Ministry of Economy and Finance acknowledging filing of arbitration request and reconfirming their legal counsel.
30 October 2020 Lupaka receives ICSID Secretary-General Notice of Registration and assignment of case number (ARB/20/46).
*-Note that delivery of Notice of Intent triggers a six month “cooling off period” during which the parties
are requested to meet and attempt to settle prior to filing a formal Request for Arbitration. The parties
did meet but no settlement was reached. Due primarily to Covid-19, the six-month period was
** -Note that each party in the arbitration will select one arbitrator, these two will then select a third for
a total of three.