Peru Seeks US$ 4 Million in Security for Costs from Kaloti Metals and the Suspension of its ICSID Claim

By Dean Ehrlich, 8 September 2022

On 5 August 2022, together with the submission of its Memorial on Jurisdiction and Counter-Memorial on Merits, Peru sought US$ 4 million in security for costs from US based Kaloti Metals & Logistics LLC, together with a suspension of the proceedings in Kaloti Metals & Logistics, LLC v. Republic of Peru...