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, U.S.) - Appointed by the Claimant(s)
Ignacio TORTEROLA (Argentine) - Appointed by the Respondent(s)

Party Representatives

Claimant(s):

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

Wordstone Dispute Resolution, Paris, France
Ministry of Economy and Finances, Panama, Republic of Panama
Ministry of Commerce and Industries, Panama City, Panama
Language(s) of Proceeding:

English,Spanish
Status of Proceeding:

Pending
Latest Development:

October 28, 2025 - The Tribunal holds a pre-hearing organizational meeting with the parties by video conference.

(a) Original Proceeding

Published Decisions

Procedural Order No. 1

Procedural Order No. 2

Procedural Order No. 3

Decision on the Proposal for Disqualification

Available on the ICSID Website

Procedural Order No. 1 (December 20, 2024) English (Original)

Procedural Order No. 2 (December 20, 2024) English (Original)

Procedural Order No. 3 (June 24, 2025) Spanish (Original)

Decision on the Proposal for Disqualification (September 24, 2025) Spanish (Original)

(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 (U.S./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 (U.S./Argentine), appointed by Claimant; and Ignacio Torterola (Argentine), appointed by Respondent.
November 29, 2024	The Tribunal holds a first session by video conference.
December 20, 2024	The Tribunal issues Procedural Order No. 1 concerning procedural matters.
December 20, 2024	The Tribunal issues Procedural Order No. 2 concerning transparency and confidentiality.
March 28, 2025	The Claimant files a memorial on liability and quantum.
May 13, 2025	The Respondent files a request to address the objections to jurisdiction as a preliminary question pursuant to ICSID Convention Article 41(2) and ICSID Arbitration Rule 44.
June 24, 2025	The Tribunal issues Procedural Order No. 3 concerning procedural matters.
July 8, 2025	The Claimant files observations on the request to address the objections to jurisdiction as a preliminary question.
July 18, 2025	The Respondent files further observations on the request to address the objections to jurisdiction as a preliminary question.
July 24, 2025	The Claimant files a proposal for disqualification of arbitrator Yves Derains pursuant to ICSID Arbitration Rule 22(1). The proceeding is suspended in accordance with ICSID Arbitration Rule 22(2).
August 14, 2025	The Respondent files observations on the proposal for disqualification.
August 18, 2025	Yves Derains files a statement regarding the proposal for disqualification.
August 25, 2025	The Claimant files further observations on the proposal for disqualification.
September 24, 2025	The proposal for disqualification of arbitrator Yves Derains is declined by the co-arbitrators. The proceeding continues pursuant to ICSID Arbitration Rule 22(2).
September 29, 2025	The Claimant files further observations on the request to address the objections to jurisdiction as a preliminary question.
October 28, 2025	The Tribunal holds a pre-hearing organizational meeting with the parties by video conference.