Arbitral Digest

Matter

Dominion Minerals Corp. v. Republic of Panama (ICSID Case No. ARB/16/13)

Case no.
ARB/16/13
Applicable rules
ICSID Arbitration Rules
  1. 5 November 2020Arbitration

    5 November 2020Arbitration

    Arbitral Award dated 5 November 2020

    International Centre for Settlement of Investment Disputes

    Decision summary
    The Tribunal found that Panama breached certain provisions of the Treaty and international law, ordered Panama to pay Dominion damages of US$ 14,111,140.80 and additional direct damages of US$ 1,861,689.25, with stated interest, and allocated 25% of Dominion's legal costs and 25% of its advances to ICSID to Panama.

    Supporting details

    1 authority · 2 participants
    Dominion Minerals Corp.
    Republic of Panama
    International Centre for Settlement of Investment Disputes

    Authorities cited

    1
    • Treaty Between the United States of America and the Republic of Panama Concerning the Treatment and Protection of Investments (Treaty signed 27 October 1982)
      statute

    1 year, 8 months and 16 days later · 623 days

  2. 21 July 2022Arbitration

    21 July 2022Arbitration

    Decision on the Respondent's Applications for the Stay of Enforcement of the Award and under Arbitration Rule 41(5)

    International Centre for Settlement of Investment Disputes

    Decision summary
    The ad hoc Committee granted Panama's application to stay enforcement of the Award, dismissed Panama's application under Arbitration Rule 41(5), and reserved the costs of both applications for a subsequent stage of the proceedings.

    Supporting details

    9 authorities · 6 participants
    Dominion Minerals Corp.
    Republic of Panama
    International Centre for Settlement of Investment Disputes
    Arbitrator
    Toby Landau QC
    Arbitrator
    Dyala Jimenez
    Institutional administrator
    Marco Tulio Montanes-Rumayor

    Authorities cited

    9
    • Convention on the Settlement of Investment Disputes between States and Nationals of Other States (ICSID Convention)
      statute
    • Elsamex S.A. v. Republic of Honduras (ICSID Case No. ARB/09/4, Decision of 7 January 2014)
      case law
    • Venoklim Holding B.V. v. Bolivarian Republic of Venezuela (ICSID Case No. ARB/12/22, Decision of 8 March 2016)
      case law
    • Trans-Global Petroleum, Inc. v. Hashemite Kingdom of Jordan (ICSID Case No. ARB/07/25, Decision of 12 May 2008)
      case law
    • RSM Production Corporation and others v. Grenada (ICSID Case No. ARB/10/6, Award of 10 December 2010)
      case law
    • Maritime International Nominees Establishment v. Republic of Guinea (ICSID Case No. ARB/84/4, Interim Order No. 1 of 12 August 1988)
      case law
    • Azurix Corp. v. Argentine Republic (ICSID Case No. ARB/01/12, Decision of 28 December 2007)
      case law
    • CMS Gas Transmission Company v. Argentine Republic (ICSID Case No. ARB/01/8, Decision of 1 September 2006)
      case law
    • Victor Pey Casado and President Allende Foundation v. Republic of Chile (ICSID Case No. ARB/98/2, Decision on Annulment of 2 November 2015)
      case law

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Dominion Minerals Corp. v. Republic of Panama (ICSID Case No. ARB/16/13) · Matter