Region: Panama

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

Panama Canal arbitrators cleared of bias

A US court has upheld an ICC award worth over US$270 million in favour of the Panama Canal Authority, rejecting a construction consortium’s allegations that the arbitrators showed bias by failing to disclose their “cross-appointments” in other cases.

19 November 2021

Panama faces billion-dollar claim over mining project

A Canadian mining company is preparing a US$2.8 billion ICSID claim against Panama over the alleged expropriation of a controversial gold extraction project.

06 October 2021

Enel and Panama settle ICSID dispute

AWARD NOW PUBLIC: Panama has agreed to pay Italian energy company Enel to settle an ICSID case over delay in the construction of an electricity transmission line.

20 August 2021

Construction investor brings third ICSID claim against Panama

A US construction group has brought a third ICSID claim against Panama arising from its portfolio of projects in the country.

21 June 2021

Panama faces bid to revive mining claim

US mining company Dominion Minerals has applied to partially annul an ICSID award that dismissed the bulk of its US$322 million damages claim against Panama over the expropriation of a mining concession.

22 March 2021

ICC stands by Panama Canal arbitrators

The ICC has refused to disqualify three arbitrators who issued a US$265 million award in favour of the Panama Canal Authority, ruling that their alleged failure to disclose certain professional relationships did not call their impartiality into question.

19 February 2021

Panama Canal arbitrators under fire over "cross-appointments"

The consortium that oversaw the expansion of the Panama Canal has applied to set aside a US$265 million ICC award in favour of the canal authority, alleging that the arbitrators failed to disclose “multiple cross-appointments and inter-relationships”.

27 November 2020

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