Case Details

Korea Mine Rehabilitation & Mineral Resources Corporation v. Republic of Panama (ICSID Case No. ARB/25/20)

Subject of Dispute:

Mining concession
Economic Sector:

Oil, Gas & Mining
Instrument(s) Invoked:

CAFTA-Korea, Republic of (Korea, Republic of - Central America Free Trade Agreement)
Applicable Rules:

ICSID Convention - Conciliation Rules

Claimant(s)/Nationality(ies):

Korea Mine Rehabilitation & Mineral Resources Corporation (Korean)
Respondent(s):

Republic of Panama (Panamanian)
Date Registered:

May 9, 2025
Date of Constitution of Tribunal:

September 10, 2025

President:

Gabrielle KAUFMANN-KOHLER (Swiss) - Appointed by the Parties
Arbitrators:

Bernard HANOTIAU (Belgian) - Appointed by the Claimant(s)
Mónica PINTO (Argentine) - Appointed by the Respondent(s)

Claimant(s):

Freshfields Bruckhaus Deringer US, Washington, D.C., U.S.A.
-Kim & Chang, Seoul, Korea
Respondent(s):

Ministry of Commerce and Industries, Panama City, Panama
Ministry of Economy and Finances, Panama, Republic of Panama
Hughes Hubbard & Reed, Washington D.C., U.S.A.
Status of Proceeding:

Pending
Latest Development:

September 10, 2025 - The Tribunal is constituted in accordance with Article 37(2)(a) of the ICSID Convention. Its members are: Gabrielle Kaufmann-Kohler (Swiss), President, appointed by agreement of the parties; Bernard Hanotiau (Belgian), appointed by the Claimant; and Mónica Pinto (Argentine), appointed by the Respondent.

No References Available.

Date	Development
May 9, 2025	The Secretary-General registers a request for the institution of arbitration proceedings.
May 9, 2025	The proceeding is suspended pursuant to Arbitration Rule 54(7).
May 26, 2025	Following appointment by the Claimant, Bernard Hanotiau (Belgian) accepts his appointment as arbitrator.
June 4, 2025	Following appointment by the Respondent, Mónica Pinto (Argentine) accepts her appointment as arbitrator.
September 9, 2025	Following appointment by agreement of the parties, Gabrielle Kaufmann-Kohler (Swiss) accepts her appointment as presiding arbitrator.
September 10, 2025	The Tribunal is constituted in accordance with Article 37(2)(a) of the ICSID Convention. Its members are: Gabrielle Kaufmann-Kohler (Swiss), President, appointed by agreement of the parties; Bernard Hanotiau (Belgian), appointed by the Claimant; and Mónica Pinto (Argentine), appointed by the Respondent.