Retaliation Claims Against Panama Rejected By ICSID In Newly Published Award

(February 26, 2024, 11:58 AM EST) -- WASHINGTON, D.C. — The International Centre for Settlement of Investment Disputes (ICSID) on Feb. 23 published an arbitral award finding jurisdiction but dismissing all claims brought against the Republic of Panama by a U.S. contractor and his Puerto Rico company, which were ordered to pay Panama $4.8 million after the tribunal rejected claims that the Panamanian president launched a state campaign of retaliation to terminate their contracts....