ICSID - International Centre for Settlement of Investment Disputes
ICSID - International Centre for Settlement of Investment Disputes
04/16/2024 | Press release | Distributed by Public on 04/17/2024 08:06
Campos de Pesé, S.A. v. Republic of Panama (ICSID Case No. ARB/20/19)
Campos de Pesé, S.A. v. Republic of Panama (ICSID Case No. ARB/20/19)
Proceeding
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Subject of Dispute:Renewable energy generation enterprise
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Economic Sector:Electric Power & Other Energy
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Instrument(s) Invoked: (i)BIT Panama - Italy 2009
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Applicable Rules:ICSID Convention - Arbitration Rules
(a) Original Proceeding
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Claimant(s)/Nationality(ies): (i)Campos de Pesé, S.A. (Panamanian)
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Respondent(s):Republic of Panama (Panamanian)
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Date Registered:June 15, 2020
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Date of Constitution of Tribunal:October 16, 2020
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Composition of Tribunal
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President:Eduardo ZULETA (Colombian) - Appointed by Co-Arbitrators
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Arbitrators:Horacio A. GRIGERA NAÓN (Argentine) - Appointed by the Claimant(s)
Brigitte STERN (French) - Appointed by the Respondent(s)
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Party Representatives
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Claimant(s):Hughes Hubbard & Reed, Miami, Fl, U.S.A. and Washington, D.C., U.S.A.
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Respondent(s):Ministry of Economy and Finances, Panama, Republic of Panama
Greenberg Traurig, Washington, D.C., U.S.A. -
Language(s) of Proceeding:English
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Status of Proceeding:Concluded
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Outcome of Proceeding:March 1, 2024 - The Tribunal renders its award.
(b) Rectification Proceeding
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Applicant(s)/Requesting Party(ies): (i)Claimant(s)
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Date Registered:April 16, 2024
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Party Representatives
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Claimant(s):Hughes Hubbard & Reed, Miami, Fl, U.S.A. and Washington, D.C., U.S.A.
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Respondent(s):Ministry of Economy and Finances, Panama, Republic of Panama
Greenberg Traurig, Washington, D.C., U.S.A. -
Status of Proceeding:Pending
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Latest Development:April 16, 2024 - The Secretary-General registers a request for rectification of the award filed by Campos de Pesé S.A.
(a) Original Proceeding
Published Decisions
Hearing on Jurisdiction - Hearing Day 1 - Video 1 (June 20, 2023)
Hearing on Jurisdiction - Hearing Day 1 - Video 2 (June 20, 2023)
Hearing on Jurisdiction - Hearing Day 2 - Video 1 (June 21, 2023)
Hearing on Jurisdiction - Hearing Day 2 - Video 2 (June 21, 2023)
(a) Original Proceeding
| Date | Development | |
| June 15, 2020 |
The Secretary-General registers a request for the institution of arbitration proceedings. |
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| September 26, 2020 |
Following appointment by the Respondent, Brigitte Stern (French) accepts her appointment as arbitrator. |
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| September 27, 2020 |
Following appointment by the Claimant, Horacio Grigera Naón (Argentine) accepts his appointment as arbitrator. |
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| October 14, 2020 |
Following appointment by his co-arbitrators, Eduardo Zuleta (Colombian) accepts his appointment as presiding arbitrator. |
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| October 16, 2020 |
The Tribunal is constituted in accordance with Article 37(2)(a) of the ICSID Convention. Its members are: Eduardo Zuleta (Colombian), President, appointed by his co-arbitrators; Horacio Grigera Naón (Argentine), appointed by the Claimant; and Brigitte Stern (French), appointed by the Respondent. |
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| December 15, 2020 |
The Tribunal holds a first session by video conference. |
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| December 16, 2020 |
The Tribunal issues Procedural Order No. 1 concerning procedural matters. |
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| May 5, 2021 |
The Claimant files a memorial on the merits. |
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| June 14, 2021 |
The Respondent files a request to address the objections to jurisdiction as a preliminary question. |
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| July 23, 2021 |
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| August 26, 2021 |
The Tribunal issues Procedural Order No. 2 concerning the Respondent's request to address the objections to jurisdiction as a preliminary question. |
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| November 24, 2021 |
The Respondent files a memorial on jurisdiction. |
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| February 22, 2022 |
The Claimant files a counter-memorial on jurisdiction. |
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| April 12, 2022 |
The Tribunal issues Procedural Order No. 3 concerning production of documents. |
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| January 27, 2023 |
The Respondent files a reply on jurisdiction. |
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| April 28, 2023 |
The Claimant files a rejoinder on jurisdiction. |
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| May 26, 2023 |
The President holds a pre-hearing organizational meeting with the parties by video conference. |
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| June 18, 2023 |
The Tribunal issues Procedural Order No. 4 concerning the organization of the hearing. |
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| June 20, 2023 - June 21, 2023 |
The Tribunal holds a hearing on jurisdiction in Washington, D.C. |
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| June 27, 2023 |
The Tribunal issues Procedural Order No. 5 concerning the Exclusion of Witness Statements. |
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| September 8, 2023 |
Each party files a submission on costs. |
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| November 27, 2023 |
The Tribunal issues Procedural Order No. 6 concerning confidentiality. |
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| March 1, 2024 |
The Tribunal renders its award. |
(b) Rectification Proceeding
| Date | Development |
| April 16, 2024 |
The Secretary-General registers a request for rectification of the award filed by Campos de Pesé S.A. |