Case Details

FCC Construcción, S.A. v. Republic of Panama (ICSID Case No. ARB/25/29)

Subject of Dispute:

Construction project
Economic Sector:

Construction
Instrument(s) Invoked:

BIT Panama - Spain 1997
Applicable Rules:

ICSID Convention - Arbitration Rules

(a) Original Proceeding

Claimant(s)/Nationality(ies):

FCC Construcción, S.A. (Spanish)
Respondent(s):

Republic of Panama (Panamanian)
Date Registered:

June 20, 2025
Date of Constitution of Tribunal:

October 20, 2025

Composition of Tribunal

President:

Dário MOURA VICENTE (Portuguese) - Appointed by the Parties
Arbitrators:

N. Fernando PIÉROLA CASTRO (Peruvian, Swiss) - Appointed by the Claimant(s)
Luis Alberto GONZÁLEZ GARCÍA (British, Mexican) - Appointed by the Respondent(s)

Party Representatives

Claimant(s):

Cuatrecasas, Madrid, Spain
Morgan & Morgan Legal Panama, Republic of Panama
FCC Construcción, S.A., Madrid, Spain
Respondent(s):

Ministerio de Economía y Finanzas, Panama City, Panama
Language(s) of Proceeding:

Spanish
Status of Proceeding:

Pending
Latest Development:

December 23, 2025 - The Tribunal issues Procedural Order No. 1 concerning procedural matters.

No References Available.

(a) Original Proceeding

Date	Development
June 20, 2025	The Acting Secretary-General registers a request for the institution of arbitration proceedings.
July 22, 2025	Following appointment by the Claimant, Fernando Piérola-Castro (Swiss/Peruvian) accepts his appointment as arbitrator.
August 6, 2025	Following appointment by the Respondent, Luis Alberto González García (Mexican/British) accepts his appointment as arbitrator.
October 20, 2025	Following appointment by agreement of the parties, Dário Moura Vicente (Portuguese) accepts his appointment as presiding arbitrator.
October 20, 2025	The Tribunal is constituted in accordance with Article 37(2)(a) of the ICSID Convention. Its members are: Dário Moura Vicente (Portuguese), President, appointed by agreement of the Parties; Fernando Piérola Castro (Swiss/Peruvian), appointed by Claimant; and Luis Alberto González García (British/Mexican), appointed by Respondent.
December 16, 2025	The Tribunal holds a first session by video conference.
December 23, 2025	The Tribunal issues Procedural Order No. 1 concerning procedural matters.