Case Details

Metro de Lima Línea 2, S.A. v. Republic of Peru (ICSID Case No. ARB/21/57)

Subject of Dispute:

Metro concession agreement
Economic Sector:

Transportation
Instrument(s) Invoked:

Contract
Applicable Rules:

ICSID Convention - Arbitration Rules

(a) Original Proceeding

Claimant(s)/Nationality(ies):

Metro de Lima Línea 2, S.A. (Peruvian)
Respondent(s):

Republic of Peru (Peruvian)
Date Registered:

December 6, 2021
Date of Constitution of Tribunal:

April 11, 2023

Composition of Tribunal

President:

Juan Pablo CÁRDENAS MEJÍA (Colombian) - Appointed by the Parties
Arbitrators:

Roberto HERNÁNDEZ GARCÍA (Mexican) - Appointed by the Claimant(s)
Claus VON WOBESER (German, Mexican) - Appointed by the Respondent(s)

Party Representatives

Claimant(s):

Cuatrecasas, Madrid, Spain
Echecopar, Lima, Peru
Respondent(s):

Squire Patton Boggs (UK), Paris, France
Squire Patton Boggs (US), Miami, FL, U.S.A
Comisión Especial que Representa al Estado en Controversias Internacionales de Inversión, Lima, Peru
Language(s) of Proceeding:

Spanish
Status of Proceeding:

Pending
Latest Development:

December 19, 2025 - Each party files a post-hearing brief.

No References Available.

(a) Original Proceeding

Date	Development
December 6, 2021	The Secretary-General registers a request for the institution of arbitration proceedings.
March 4, 2022	Following appointment by the Claimant, Roberto Hernández-García (Mexican) accepts his appointment as arbitrator.
March 13, 2022	Following appointment by the Respondent, Claus von Wobeser (Mexican) accepts his appointment as arbitrator.
April 11, 2023	Following appointment by agreement of the parties, Juan Pablo Cárdenas Mejía (Colombian) accepts his appointment as presiding arbitrator.
April 11, 2023	The Tribunal is constituted in accordance with Article 37(2)(a) of the ICSID Convention. Its members are: Juan Pablo Cárdenas Mejía (Colombian), President, appointed by agreement of the parties Roberto Hernández-García (Mexican), appointed by the Claimant; and Claus von Wobeser (German/Mexican), appointed by the Respondent.
May 29, 2023	The Tribunal holds a first session with the parties by video conference.
June 1, 2023	The Tribunal issues Procedural Order No. 1 concerning procedural matters.
September 29, 2023	The Claimant files a memorial on the merits.
March 15, 2024	The Respondent files a counter-memorial on the merits.
May 9, 2024	Following exchanges between the parties, each party files a request for the Tribunal to decide on production of documents.
June 17, 2024	The Tribunal issues Procedural Order No. 2 concerning production of documents.
July 15, 2024	The Respondent files a request for reconsideration of the Tribunal’s Procedural Order No. 2.
July 23, 2024	The Claimant files observations on the Respondent’s request of July 15, 2024.
August 21, 2024	The Tribunal issues Procedural Order No. 3 concerning the Respondent’s request of July 15, 2024.
November 12, 2024	The Claimant files a reply on the merits.
January 23, 2025	The Respondent files a rejoinder on the merits.
May 9, 2025	The Claimant files a rejoinder on jurisdiction.
August 7, 2025	The Tribunal holds a pre-hearing organizational meeting with the parties by video conference.
September 4, 2025	The Tribunal issues procedural order No. 4 concerning the organization of the hearing.
September 22, 2025 - September 26, 2025	The Tribunal holds a hearing on jurisdiction and the merits in Washington, D.C.
December 19, 2025	Each party files a post-hearing brief.