Gramercy Says Peru Won't Resolve Bond Row, Now At $1.8B

Law360 (July 20, 2018, 6:05 PM EDT) -- U.S. asset manager Gramercy Funds Management LLC has increased the amount it is seeking from Peru in a dispute over old government bonds from $1.6 billion to $1.8 billion, saying in an amended statement of claim that the South American country has rejected its efforts to resolve the issue.

The Connecticut-based emerging markets investment manager argues in the July 13 document that during the last five years, the Peruvian government and courts have undertaken an "elaborate and opaque scheme" in the hopes of destroying the value of its investment in that nation's agrarian land reform bonds. The ultimate goal is for...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Beta
Ask a question!