Case Details

Campos de Pesé, S.A. v. Republic of Panama (ICSID Case No. ARB/20/19)

Proceeding Materials Procedural Details

  • Renewable energy generation enterprise
  • Electric Power & Other Energy
  • BIT Panama - Italy 2009
  • ICSID Convention - Arbitration Rules

    (a) Original Proceeding

    • Campos de Pesé, S.A. (Panamanian)
    • Republic of Panama (Panamanian)
    • June 15, 2020
    • October 16, 2020

      Party Representatives

    • Hughes Hubbard & Reed, Miami, Fl, U.S.A. and Washington, D.C., U.S.A.
    • Ministry of Economy and Finances, Panama, Republic of Panama
      Greenberg Traurig, Washington, D.C., U.S.A.
    • English
    • Concluded
    • March 1, 2024 - The Tribunal renders its award.

    (b) Rectification Proceeding

    • Claimant(s)
    • April 16, 2024

      Party Representatives

    • Hughes Hubbard & Reed, Miami, Fl, U.S.A. and Washington, D.C., U.S.A.
    • Ministry of Economy and Finances, Panama, Republic of Panama
      Greenberg Traurig, Washington, D.C., U.S.A.
    • Concluded
    • September 12, 2024 - The Tribunal issues a decision on the rectification of the Award.

(a) Original Proceeding

Published Decisions

Hearing on Jurisdiction - Hearing Day 1 – Video 1 (June 20, 2023)

Hearing on Jurisdiction - Hearing Day 1 – Video 2 (June 20, 2023)

Hearing on Jurisdiction - Hearing Day 2 – Video 1 (June 21, 2023)

Hearing on Jurisdiction - Hearing Day 2 – Video 2 (June 21, 2023)

Award of Tribunal

Decision on Rectification

Available on the ICSID Website

Award of Tribunal (March 1, 2024) English (Original)

Decision on Rectification (September 12, 2024) English (Original)

(a) Original Proceeding

Date Development
June 15, 2020

The Secretary-General registers a request for the institution of arbitration proceedings. 
September 26, 2020

Following appointment by the Respondent, Brigitte Stern (French) accepts her appointment as arbitrator.
September 27, 2020

Following appointment by the Claimant, Horacio Grigera Naón (Argentine) accepts his appointment as arbitrator.
October 14, 2020

Following appointment by his co-arbitrators, Eduardo Zuleta (Colombian) accepts his appointment as presiding arbitrator.
October 16, 2020

The Tribunal is constituted in accordance with Article 37(2)(a) of the ICSID Convention.  Its members are: Eduardo Zuleta (Colombian), President, appointed by his co-arbitrators; Horacio Grigera Naón (Argentine), appointed by the Claimant; and Brigitte Stern (French), appointed by the Respondent.
December 15, 2020

The Tribunal holds a first session by video conference.
December 16, 2020

The Tribunal issues Procedural Order No. 1 concerning procedural matters.
May 5, 2021

The Claimant files a memorial on the merits.
June 14, 2021

The Respondent files a request to address the objections to jurisdiction as a preliminary question.
July 23, 2021

The Claimant files a response to the Respondent’s request to address the objections to jurisdiction as a preliminary question.
August 26, 2021

The Tribunal issues Procedural Order No. 2 concerning the Respondent’s request to address the objections to jurisdiction as a preliminary question.
November 24, 2021

The Respondent files a memorial on jurisdiction.
February 22, 2022

The Claimant files a counter-memorial on jurisdiction.
April 12, 2022

The Tribunal issues Procedural Order No. 3 concerning production of documents.
January 27, 2023

The Respondent files a reply on jurisdiction.
April 28, 2023

The Claimant files a rejoinder on jurisdiction.
May 26, 2023

The President holds a pre-hearing organizational meeting with the parties by video conference.
June 18, 2023

The Tribunal issues Procedural Order No. 4 concerning the organization of the hearing.
June 20, 2023 - June 21, 2023

The Tribunal holds a hearing on jurisdiction in Washington, D.C.
June 27, 2023

The Tribunal issues Procedural Order No. 5 concerning the Exclusion of Witness Statements. 
September 8, 2023

Each party files a submission on costs.
November 27, 2023

The Tribunal issues Procedural Order No. 6 concerning confidentiality.
March 1, 2024

The Tribunal renders its award.

(b) Rectification Proceeding

Date Development
April 16, 2024

The Secretary-General registers a request for rectification of the award filed by Campos de Pesé S.A.
May 10, 2024

The Republic of Panama files observations on Campos de Pesé S.A.’s request for rectification.
July 1, 2024

The Tribunal issues Procedural Order No. 7 concerning procedural matters.
September 12, 2024

The Tribunal issues a decision on the rectification of the Award.