ICSID Finds No Evidence Panama Court's Judgment Harmed Tire Company Investment

Mealey's (September 18, 2020, 8:41 AM EDT) -- WASHINGTON, D.C. — An International Centre for Settlement of Investment Disputes (ICSID) tribunal in an award issued Aug. 14 and released publicly on Sept. 4 denied two tire companies' nearly $20 million claim against the Republic of Panama after finding that there was not "a scintilla of evidence" showing that the companies' tire trademarks were harmed or lost value due to a Panama Supreme Court judgment against the companies (Bridgestone Licensing Services, Inc., et al. v. Republic of Panama, No. ARB/16/34, ICSID)....