ICSID - International Centre for Settlement of Investment Disputes

09/08/2023 | Press release | Distributed by Public on 09/08/2023 13:24

Banesco Holding Latinoamérica, S.A. and Banesco (Panama), S.A. v. Republic of Panama (ICSID Case No. ARB/23/41)

Banesco Holding Latinoamérica, S.A. and Banesco (Panama), S.A. v. Republic of Panama (ICSID Case No. ARB/23/41)

  • Subject of Dispute:
    Insurance company
  • Economic Sector:
    Finance
  • Instrument(s) Invoked: (i)
    BIT Panama - Spain 1997
  • Applicable Rules:
    ICSID Convention - Arbitration Rules

(a) Original Proceeding

  • Claimant(s)/Nationality(ies): (i)
    Banesco Holding Latinoamérica, S.A. (Spanish), Banesco (Panama), S.A. (Panamanian)
  • Respondent(s):
    Republic of Panama (Panamanian)
  • Date Registered:
    September 8, 2023

  • Party Representatives

  • Claimant(s):
    Clifford Chance S.L., Madrid, Spain
  • Respondent(s):
    Ministerio de Economía y Finanzas, Panama City, Panama
  • Status of Proceeding:
    Pending
  • Latest Development:
    September 8, 2023 -

    The Secretary-General registers a request for the institution of arbitration proceedings.

No References Available.

(a) Original Proceeding

Date Development
September 8, 2023

The Secretary-General registers a request for the institution of arbitration proceedings.