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La Oroya: What actions can take Renco after favorable ruling for Peru? Monday, July 18, 2016 Jonathan Hamilton, partner at White & Case who exercises the defense of the Peruvian State in this case, explains the implications of the decision of the International Arbitration Tribunal. Omar Mariluz omariluz@diariogestion.com.pe The Peruvian government achieved a favorable ruling of the International Arbitral Tribunal in the case "La Oroya", which entered into Renco five years ago, but it is worth examining what action could take the former manager of Doe Run Peru after this decision. Jonathan Hamilton, partner at White & Case, holds the defense of the Peruvian State in this case and explained to management in the field of disputes between investors and states there is no possibility of appeal, but to seek an annulment. Renco, which acquired La Oroya metallurgical complex through its Peruvian subsidiary Doe Run Peru, through a privatization process occurred in 1997, required the State to pay reparations of US $ 800 million. "His decision on this issue is final, does not exist in the field of investor-state disputes appeals, only has the possibility of seeking an annulment, but that is much more limited than an appeal," he said. Counsel argued that an annulment is a process that involves arguments about lack of due process, but in the case of La Oroya, the decision of the arbitral tribunal is "quite clear". Specifically, the Court concluded unanimously that Renco breached the Trade Promotion Agreement (CPA) between Peru and the United States and "Renco claims should be dismissed for lack of jurisdiction." "Now Renco should he find another channel or another opportunity to advance their interests, we all know that the circumstances in La Oroya continue to be developed and success of Peru in the case shows an opportunity to focus on solutions," he noted. Still pending is the Arbitral Tribunal constituted for this case, its ruling on the distribution of costs of the arbitration process, according to Hamilton, should be issued in the coming months.