The Financial Post reports in its Saturday edition that Brookfield Asset Management is taking Peru to arbitration, alleging the nation has illegally expropriated a series of toll roads the company operates in its capital city. A Bloomberg dispatch to the Post says the conflict between Brookfield, which operates the Rutas de Lima tolls, and the city government is long-standing. Brookfield is demanding $2.7-billion (U.S.) in damages over measures the city has taken to stop it from collecting toll payments. Brookfield said the action is being taken under the umbrella of the Peru-Canada free-trade agreement. Brookfield said the move "comes after years of arbitrary actions on the part of the city of Lima and other state entities, like the constitutional tribunal, that have deprived Rutas from its capacity to collect tolls." The City of Lima has already been ordered to pay $200-million (U.S.) in previous arbitration and court cases, Brookfield said, but has refused to pay up. The City of Lima said it "lamented" that Brookfield had started the arbitration, adding one of the tolls where payments had been suspended was "inhuman and harmful" to residents. The city has countered with its own lawsuit in U.S. Federal Court.