Region: Panama

Details of Panama real estate claim come to light

A real estate group is pursuing a US$147 million UNCITRAL claim against Panama over disputed land titles, it has emerged – as a foreign insurer reportedly launches a separate treaty case against the state.

22 May 2023

Guyana pursues Panama over rice exports

Guyana has launched an ICC claim against Panama over payments it says are owed to local farmers and millers under a rice exports deal.

22 May 2023

Another ICC award in Panama Canal dispute

The Panama Canal Authority says it has defeated the bulk of a US$671 million claim by a construction consortium – concluding the fourth of five ICC arbitrations over the canal’s multibillion-dollar expansion.

18 May 2023

Panama sees mining claims loom

Canada’s First Quantum has filed one arbitration against Panama and is preparing another after it was ordered to suspend operations at one of the country’s largest mining projects.

04 January 2023

Guatemalan bank sees off ICDR claim in bribery dispute

A Guatemalan bank has defeated an ICDR claim worth almost US$400 million brought under a share purchase agreement allegedly procured through bribery.

28 October 2022

Hydro investor brings ICSID claim against Panama

An Israeli-born businessman has filed a US$150 million ICSID claim against Panama over the alleged expropriation of his investment in three hydroelectric projects.

20 September 2022

Panama: arbitration with the state and state entities

Featured in The Arbitration Review of the Americas 2023

29 July 2022

Oligarch’s widow can proceed with fraud suit

The High Court in London has ruled it can hear fraud claims worth more than US$3 billion brought by the wife of a deceased Russian oligarch – while finding that a Panamanian arbitration clause “significantly” limits the allegations she can make against one of the defendants.

31 May 2022

Treaty claim over Panama Canal moves to next phase

Spanish construction group Sacyr says an UNCITRAL tribunal has ruled in its favour on issues of state attribution in an investment treaty case against Panama – as related ICC cases over its work on the expansion of the Panama Canal continue.

23 February 2022

Panama faces water and airport claims

Panama has been hit with a treaty claim from a US investor in a water treatment business, while one of its state entities is facing a claim by Odebrecht over a cancelled contract for a new airport terminal.

15 February 2022

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