Market: Panama

Panama faces bid to revive mining arbitration

A US mining company that saw the bulk of its US$322 million International Centre for Settlement of Investment Disputes (ICSID) claim against Panama dismissed has applied to partially annul the award.

29 March 2021

Costa Rican court enforces ICC award against construction group

The Supreme Court of Costa Rica has confirmed a US$23 million International Chamber of Commerce (ICC) award against one of the country’s largest construction groups – despite the fact it had not signed the underlying arbitration agreement.

26 March 2021

IDB Invest backs first sustainable bond programme in Central America

Allen & Overy LLP in New York and BLP (Costa Rica) have helped IDB Invest issue a credit guarantee facility to back Banco Promerica’s US$50 million sustainable bond programme, the first of its kind in Central America.

05 March 2021

ICC stands by Panama Canal arbitrators

The International Chamber of Commerce (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.

23 February 2021

Latin Lawyer's Leading Lights for pro bono

Featured in Pro bono 2020

Here we celebrate “Leading Lights”, the law firms making a noteworthy contribution to strengthening Latin America’s pro bono culture.

22 February 2021

Panamanian toll road operator makes US$400 million debt tap

Arnold & Porter in New York and Washington, DC and Panamanian firm Icaza, González-Ruiz & Alemán have helped state-owned toll road operator Empresa Nacional de Autopista (ENA) issue notes for US$400 million.

14 December 2020

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 International Chamber of Commerce (ICC) award in favour of the canal authority, alleging that the arbitrators failed to disclose “multiple cross-appointments and inter-relationships”.

09 December 2020

US agribusiness investor snaps up Peruvian asset

The Continental Grain Company has hired Rodrigo, Elías & Medrano Abogados in Lima and Morgan & Morgan in Panama City to acquire a stake in Peru’s Multifoods.

19 November 2020

Panama escapes bulk of mining fine

An International Centre for Settlement of Investment Disputes (ICSID) tribunal has found Panama liable for the expropriation of a mining concession while awarding the US claimant significantly less than the US$684 million it had sought in damages.

12 November 2020

Several firms steer Panama’s largest sovereign debt tap

Arnold & Porter in New York and Washington, DC has helped the Republic of Panama make its largest-ever sovereign debt tap worth US$2.6 billion.

15 October 2020

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