ICSID, 30 November 2017, Bear Creek Mining Corporation v. Republic of Peru, no. ARB/14/21

The ICSID Tribunal partially granted the claim brought by a Canadian investor against Peru. The investor had intention to explore potential silver ore deposits in Santa Ana, located next to the Peru-Bolivian border. In Peru, a foreign national can only gain rights to natural resources in border regions if there is a “public necessity”, determined [...]