Arbitral Digest

Matter

Campos de Pese, S.A. v. Republic of Panama (ICSID Case No. ARB/20/19)

Case no.
ARB/20/19
Applicable rules
ICSID Arbitration Rules in force as of April 2006
  1. 1 March 2024Arbitration

    1 March 2024Arbitration

    Award

    International Centre for Settlement of Investment Disputes

    Decision summary
    The Tribunal declined jurisdiction over the claims because the alleged Italian individuals did not control Campos de Pese, directly or indirectly, legally or de facto. Campos de Pese shall bear its own costs, the costs of the arbitration, and the fees, costs, and expenses of the Republic of Panama; all other requests for relief were rejected.

    Supporting details

    6 authorities · 5 participants
    Campos de Pese, S.A.
    Republic of Panama
    International Centre for Settlement of Investment Disputes
    Arbitrator
    Brigitte Stern

    Authorities cited

    6
    • Agreement between the Government of the Italian Republic and the Government of the Republic of Panama on the Promotion and Protection of Investments (Italy-Panama Bilateral Investment Treaty, signed 6 February 2009)
      treaty
    • Convention on the Settlement of Investment Disputes between States and Nationals of Other States (ICSID Convention, 18 March 1965)
      convention
    • British Virgin Islands Business Companies Act of 2004
      statute
    • British Virgin Islands Beneficial Ownership Secure Search System Act
      statute
    • Panama Law No. 32 of 1927
      statute
    • Commercial Code of Panama
      statute

    6 months and 11 days later · 195 days

  2. 12 September 2024Arbitration

    12 September 2024Arbitration

    Decision on the Request for the Rectification of the Award

    International Centre for Settlement of Investment Disputes

    Decision summary
    The Tribunal accepted the specified requests to rectify clerical errors and ordered their incorporation into the Award, denied all other rectification requests, ordered each party to bear its own legal costs and expenses related to the Rectification Request, and ordered the Tribunal members' fees and expenses and ICSID administrative costs to be paid equally by the parties.

    Supporting details

    1 authority · 5 participants
    Campos de Pese, S.A.
    Republic of Panama
    International Centre for Settlement of Investment Disputes
    Arbitrator
    Brigitte Stern

    Authorities cited

    1
    • Convention on the Settlement of Investment Disputes between States and Nationals of Other States (ICSID Convention, 18 March 1965)
      convention

Matter record

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Campos de Pese, S.A. v. Republic of Panama (ICSID Case No. ARB/20/19) · Matter