Reproduced from www.worldbank.org/icsid with permission of ICSID.
Case Report (free download)
Case Report by Aikaterini Strataridaki, Editor Ignacio Torterola
The Respondent filed Expedited Objections against the Claimants pursuant to the US-Panama Trade Promotion Agreement (TPA) alleging that the subject-matter of the Claimants' application cannot be examined by the Tribunal. The Tribunal dismissed all five objections raised by Panama, but upheld the second Objection regarding damage alleged to have been sustained outside Panama and upheld the fifth Objection as far as the second Claimant was concerned.
Qualifying investment; dispute arising directly out of an investment; benefits provided under the TPA; abuse of process, claims based on hypothetical actions of other States.
Case report provided by International Arbitration Case Law (IACL)
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