ICSID Finds It Lacks Jurisdiction To Hear BIT Claims Against Panama
(June 7, 2016, 12:47 PM EDT) -- WASHINGTON, D.C. — A tribunal for the International Centre for Settlement of Investment Disputes (ICSID) on June 6 released its award in arbitration commenced by two energy firms against the Republic of Panama, finding that the tribunal lacked jurisdiction over claims related to a hydro-electric power generation concession (Transglobal Green Energy LLC, et al. v. The Republic of Panama, No. ARB/13/28, ICSID).
(Award available. Document #05-160628-004A.)
In October 2013, ICSID registered a request for arbitration filed by Transglobal Green Energy LLC and Transglobal Green Energy de...