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Abstract: In the renowned La Brea y Parinas controversy, the North American public has consistently assumed, Professor Furnish says, that Peru acted arbitrarily in effectively rendering the International Petroleum Corporation (IPC) without compensation for the expropriated oilfield. The legal mechanism utilized was granting IPC compensatory damages, but offsetting the award with a restitutionary claim for the deletion of the resources of the tract by IPC under a claim of title which Peru deems invalid. It is Professor Furnish’s view, elaborated in this article, that there is a solid basis in Peruvian domestic law for most of what Peru has done in this affair.
Keywords: La Brea y Parin~as Controversy,
Peru, Compensatory Damages
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