The Marcona Settlement

The Marcona Settlement

: New Forms of Negotiation and Compensation for Settlement Nationalized Property" David A.Gantz, in American Journal of Znterna-tional Law (July 1977), 2223 Massachu- setts Ave., N.W., Washington, D.C. 20008. In 1974, Peru's revolutionary Velasco government expropriated the local assets of the Utah-based Marcona Mining Company, a large iron ore shipping and sales concern. No compensation was offered; the company was vilified as the epitome of the "evil multinational"; and U.S.-Peruvian...

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