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Gramercy Awarded $100M Of $1.8B Peru Land Bond Claim

By Joyce Hanson ( December 14, 2022, 9:10 PM EST) -- An international tribunal has awarded Gramercy Funds Management LLC a favorable majority decision against Peru over the emerging markets investment manager's purchase of Peruvian agrarian reform bonds, with damages of approximately $100 million — a fraction of the $1.8 billion Gramercy had sought....

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