Region: Panama
Guatemala liable over attacks on hydro project
A split ICSID tribunal has ordered Guatemala to pay US$68.5 million plus interest to a Panamanian entity for failing to protect a hydroelectric power plant project from attacks by protesters.
02 April 2025
First Quantum halts claims against Panama
Canada’s First Quantum Minerals says it is withdrawing a US$20 billion ICC claim against Panama and suspending a potential treaty case against the state, as the parties try to settle their dispute over the closure of one the world’s largest copper mines.
01 April 2025
Uruguay settles airline award
Uruguay has reportedly agreed to pay an affiliate of New York private equity firm Tenor Capital to settle an award over the collapse of the state’s flag carrier airline.
31 January 2025
Panama looks to settle ICSID cases
Panama has agreed to satisfy a US$26.7 million ICSID award obtained by a US company over a cancelled mining concession, while settlement negotiations continue with another investor in a dispute over a construction project.
05 December 2024
US appeals court refuses discovery for ICSID dispute
A US appeals court has refused to reinstate discovery orders obtained by an Italian construction group for its US$2.2 billion investment treaty dispute against Panama, upholding an earlier ruling that the country’s courts have no power to order discovery in aid of ICSID arbitrations.
22 July 2024
Claims against Panama pile up over mining closures
UPDATED WITH COUNSEL. Two Canadian mining companies have made good on their threats to file investment treaty claims against Panama over cancelled copper concessions – the latest in a wave of claims the state is facing from mining investors.
04 July 2024
Panama threatened with fresh claim over mine closure
German-Swiss manufacturer Liebherr has threatened Panama with a US$133 million treaty claim over its investments in a shuttered copper mining project that has already spawned several other disputes.
01 July 2024
Panama Supreme Court rules on role of foreign attorneys in arbitration
Panama’s highest court has affirmed that foreign-licensed attorneys can represent parties in Panama-seated international arbitrations. Mayte Sanchez and Alejandro Chevalier of Morgan & Morgan report.
17 June 2024
Panama defeats claim by financial services investor
Panama says it has defeated an ICSID claim worth more than US$60 million brought by a Dutch businessman whose brokerage firm was liquidated by a regulator following an investigation of its practices.
06 June 2024