Case Details

Brookfield Corporation v. Republic of Peru (ICSID Case No. ARB/25/14)

Subject of Dispute:

Road concession
Economic Sector:

Construction
Instrument(s) Invoked:

FTA Canada - Peru 2008
Applicable Rules:

ICSID Convention - Arbitration Rules

(a) Original Proceeding

Claimant(s)/Nationality(ies):

Brookfield Corporation (Canadian)
Respondent(s):

Republic of Peru (Peruvian)
Date Registered:

March 27, 2025
Date of Constitution of Tribunal:

April 13, 2026

Composition of Tribunal

President:

Lucinda A. LOW (U.S.) - Appointed by the Parties
Arbitrators:

Stephan SCHILL (German) - Appointed by the Claimant(s)
Zachary DOUGLAS (Australian, Swiss) - Appointed by the Respondent(s)

Party Representatives

Claimant(s):

White & Case, Mexico City, Mexico
Estudio Echecopar, Lima, Peru
Respondent(s):

Comisión Especial que representa a la República del Perú en Controversias Internacionales de Inversión, Ministerio de Economía y Finanzas, Lima, Perú
Arnold & Porter Kaye Scholer, Washington D.C., U.S.A. and London, U.K.
Status of Proceeding:

Pending
Latest Development:

May 28, 2026 - The Tribunal holds a first session by video conference.

No References Available.

(a) Original Proceeding

Date	Development
March 27, 2025	The Acting Secretary-General registers a request for the institution of arbitration proceedings.
May 29, 2025	Following appointment by the Claimant, Diego P. Fernández Arroyo (Argentine/Spanish) accepts his appointment as arbitrator.
July 1, 2025	Diego Fernández Arroyo (Argentine/Spanish) withdraws his acceptance of the appointment as arbitrator.
August 17, 2025	Following appointment by the Claimant, Stephan Schill (German) accepts his appointment as arbitrator.
September 15, 2025	Following appointment by the Respondent, Zachary Douglas (Swiss/Australian) accepts his appointment as arbitrator.
April 13, 2026	Following appointment by agreement of the parties, Lucinda A. Low (U.S.) accepts her appointment as presiding arbitrator.
April 13, 2026	The Tribunal is constituted in accordance with Article 37(2)(a) of the ICSID Convention. Its members are: Lucinda A. Low (U.S.), President, appointed by agreement of the parties; Stephan Schill (German), appointed by the Claimant; and Zachary Douglas (Swiss, Australian), appointed by the Respondent.
May 28, 2026	The Tribunal holds a first session by video conference.