Peru's Metropolitan Municipality Loses Arbitration to Rutas de Lima, Ordered to Refund S/2M

An international arbitration tribunal (Jus Mundi) ruled against Peru's Metropolitan Municipality of Lima (MML) in its dispute with concessionaire Rutas de Lima, ordering MML to refund over S/2 million (50% of arbitration costs). The tribunal also decided each party bears its own legal costs. This is a legal setback for the municipality, potentially affecting its fiscal position and the toll road concession framework.