Brookfield seeks $2.7 billion from Peru over toll roads

Brookfield Asset Management Inc. has filed for arbitration against Peru, claiming illegal expropriation of toll roads it operates in Lima. The company is seeking $2.7 billion in damages due to actions preventing toll collection. This arbitration escalates a long-standing dispute between Brookfield and the Lima city government. Previously, Lima was ordered to pay $200 million in related cases but has not complied. Lima's city government has countered with a lawsuit in U.S. federal court, alleging bribery in the toll road concession. Brookfield denies these corruption claims.