Grupo Meier considers investment protection proceedings after Chilean casino tender exclusions
By SectorWire desk ·
Summary
Grupo Meier is considering international investment protection mechanisms after Chile's SCJ excluded its bids in Puerto Varas, Coyhaique and Ancud on 28 August. The company said it was consulting lawyers about protections under the Chile–Peru free trade agreement. Its proposed Ancud investment totalled approximately US$10m, and it remains interested in future tenders.
Why it matters
Investors face tender exclusion risks as Grupo Meier considers investment protections under the Chile–Peru free trade agreement.