Case Details

Orla Mining Ltd. v. Republic of Panama (ICSID Case No. ARB/24/27)

Subject of Dispute:

Mining concession
Economic Sector:

Oil, Gas & Mining
Instrument(s) Invoked:

FTA Canada – Panama
Applicable Rules:

ICSID Convention - Arbitration Rules

(a) Original Proceeding

Claimant(s)/Nationality(ies):

Orla Mining Ltd. (Canadian)
Respondent(s):

Republic of Panama (Panamanian)
Date Registered:

July 19, 2024
Date of Constitution of Tribunal:

October 7, 2024

Composition of Tribunal

President:

Yves DERAINS (French) - Appointed by the Parties
Arbitrators:

Horacio A. GRIGERA NAÓN (Argentine) - Appointed by the Claimant(s)
Ignacio TORTEROLA (Argentine) - Appointed by the Respondent(s)

Party Representatives

Claimant(s):

Winston & Strawn, London, U.K.
Respondent(s):

Ministry of Economy and Finances, Panama, Republic of Panama
Ministry of Commerce and Industries, Panama City, Panama
Status of Proceeding:

Pending
Latest Development:

November 29, 2024 - The Tribunal holds a first session by video conference.

No References Available.

(a) Original Proceeding

Date	Development
July 19, 2024	The Secretary-General registers a request for the institution of arbitration proceedings.
August 9, 2024	Following appointment by the Claimant, Horacio Grigera Naón (Argentine) accepts his appointment as arbitrator.
August 30, 2024	Following appointment by the Respondent, Ignacio Torterola (Argentine) accepts his appointment as arbitrator.
October 7, 2024	Following appointment by agreement of the parties, Yves Derains (French) accepts his appointment as presiding arbitrator.
October 7, 2024	The Tribunal is constituted in accordance with Article 37(2)(a) of the ICSID Convention. Its members are: Yves Derains (French), President, appointed by agreement of the Parties; Horacio Grigera Naón (Argentine), appointed by Claimant; and Ignacio Torterola (Argentine), appointed by Respondent.
November 29, 2024	The Tribunal holds a first session by video conference.