ICSID Tribunal Pauses Interest On $16M Award Pending Decision On Annulment

Mealey's (July 22, 2022, 12:24 PM EDT) -- WASHINGTON, D.C. — An International Centre for Settlement of Investment Disputes (ICSID) ad hoc committee on July 21 granted the republic of Panama’s application for stay of enforcement of an award worth more than $16 million against it in favor of an American mining company that has applied to annul the tribunal’s damages award and denied Panama’s request to dismiss the annulment application as manifestly without legal merit....