Peru's Land Reform Bonds Spark An International Legal Battle |
| July 16, 2016 | July 2016 Bond Updates |
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A bitter legal battle is under way in Latin America. At the beginning of June, the hedge fund Gramercy filed a case against Peru over the valuation of “land reform bonds” dating back to the 1960s and 70s. The case will be heard not in Peru, where the Constitutional Tribunal has already ruled that the Peruvian government’s treatment of the bonds is legal under Peruvian law, but by an international tribunal under Peru’s Trade Promotion Agreement (TPA) with the US. |
| View more at: http://www.forbes.com/sites/francescoppola/2016/07/15/an-international-legal-battle-is-brewing-over-perus-land-reform-bonds/ |
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