Case Details

Concesionaria Peruana de Vías– COVINCA, S.A. v. Republic of Peru (ICSID Case No. ARB/21/45)

Subject of Dispute:

Highway construction project
Economic Sector:

Construction
Instrument(s) Invoked:

Contract
Applicable Rules:

ICSID Convention - Arbitration Rules

(a) Original Proceeding

Claimant(s)/Nationality(ies):

Concesionaria Peruana de Vías– COVINCA, S.A. (Peruvian)
Respondent(s):

Republic of Peru (Peruvian)
Date Registered:

September 23, 2021
Date of Constitution of Tribunal:

January 3, 2022

Composition of Tribunal

President:

Jose Emilio NUNES PINTO (Brazilian) - Appointed by the Parties
Arbitrators:

Enrique BARROS BOURIE (Chilean) - Appointed by the Claimant(s)
Alexis MOURRE (French) - Appointed by the Respondent(s)

Party Representatives

Claimant(s):

Cuatrecasas, Gonçalves Pereira, Madrid, Spain
Roselló Abogados, Lima, Peru
Respondent(s):

Baker Botts, Washington, D.C., U.S.A. and London, U.K.
Estudio Navarro & Pazos Abogados, Lima, Peru
Ministerio de Economía y Finanzas, Lima, Peru
Ministerio de Transportes y Comunicaciones, Lima, Peru
Comisión Especial que Representa al Estado en Controversias Internacionales de Inversión, Lima, Peru
Language(s) of Proceeding:

Spanish
Status of Proceeding:

Concluded
Outcome of Proceeding:

December 3, 2025 - The Tribunal renders its Award.

(b) Rectification Proceeding

Applicant(s)/Requesting Party(ies):

Respondent(s)
Date Registered:

January 21, 2026

Party Representatives

Claimant(s):

Cuatrecasas, Gonçalves Pereira, Madrid, Spain
Roselló Abogados, Lima, Peru
Respondent(s):

Baker Botts, Washington, D.C., U.S.A. and London, U.K.
Estudio Navarro & Pazos Abogados, Lima, Peru
Ministerio de Economía y Finanzas, Lima, Peru
Ministerio de Transportes y Comunicaciones, Lima, Peru
Comisión Especial que Representa al Estado en Controversias Internacionales de Inversión, Lima, Peru
Status of Proceeding:

Concluded
Outcome of Proceeding:

February 6, 2026 - The Tribunal issues a decision on the rectification of the award.

No References Available.

(a) Original Proceeding

Date	Development
September 23, 2021	The Secretary-General registers a request for the institution of arbitration proceedings.
October 7, 2021	Following appointment by the Claimant, Enrique Barros Bourie (Chilean) accepts his appointment as arbitrator.
October 13, 2021	Following appointment by the Respondent, Alexis Mourre (French) accepts his appointment as arbitrator.
December 27, 2021	Following appointment by agreement of the parties, José Emilio Nunes Pinto (Brazilian) accepts his appointment as presiding arbitrator.
January 3, 2022	The Tribunal is constituted in accordance with Article 37(2)(a) of the ICSID Convention. Its members are: José Emilio Nunes Pinto (Brazilian), President, appointed by agreement of the parties; Enrique Barros Bourie (Chilean), appointed by the Claimant; and Alexis Mourre (French), appointed by the Respondent.
February 28, 2022	The Tribunal holds a first session by video conference.
March 15, 2022	The Tribunal issues Procedural Order No. 1 concerning procedural matters.
July 26, 2022	The Claimant files a memorial on the merits.
March 4, 2023	The Respondent files a counter-memorial on the merits.
May 2, 2023	The Tribunal issues Procedural Order No. 2 concerning production of documents.
July 17, 2023	The Claimant files a reply on the merits.
October 18, 2023	The Respondent files a rejoinder on the merits.
November 20, 2023	The Tribunal holds a pre-hearing organizational meeting with the parties by video conference.
November 21, 2023	The Tribunal issues Procedural Order No. 3 concerning procedural matters.
December 11, 2023 - December 15, 2023	The Tribunal holds a hearing on the merits in Washington D.C.
March 13, 2024	The parties’ experts file a joint report.
April 12, 2024	Each party files a post-hearing brief.
December 23, 2024	The Respondent files a request for the Tribunal to decide on the admissibility of new evidence.
January 10, 2025	The Claimant files observations on the Respondent’s request of December 23, 2024.
January 14, 2025	The Tribunal decides on the Respondent’s request of December 23, 2024.
January 24, 2025	The Respondent files observations on the new evidence.
February 3, 2025	The Claimant files a response to the Respondent’s observations of January 24, 2025.
February 12, 2025	The Respondent files observations on the Claimant’s response of February 3, 2025.
August 26, 2025	Each party files a statement of costs.
September 26, 2025	The Respondent files observations on the Claimant’s statement of costs.
October 6, 2025	The Claimant files a response to the Respondent’s observations of September 26, 2025.
December 3, 2025	The Tribunal renders its Award.

(b) Rectification Proceeding

Date	Development
January 21, 2026	The Secretary-General registers a request for rectification of the award filed by the Republic of Peru.
February 6, 2026	The Tribunal issues a decision on the rectification of the award.