2006
Nations Energy v. Panama Nations Energy, Inc. and others v. Republic of Panama (ICSID Case No. ARB/06/19)
Panama
United States of America
Shareholding in a Panamanian company engaged in the generation, distribution and trading of electricity and related activities.
Claims arising out of communications from Panama’s General Revenue Directorate and the Ministry of Economy and Finance that allegedly refused claimants the transfer of certain fiscal tax credits to third parties.
Tertiary: D - Electricity, gas, steam and air conditioning supply
35 - Electricity, gas, steam and air conditioning supply
ICSID (International Centre for Settlement of Investment Disputes)
ICSID (International Centre for Settlement of Investment Disputes)
Mourre, A.
Chillón Medina, J. M.
von Wobeser, C.
Decided in favour of State
62.10 mln USD
Data not available
Indirect expropriation

Fair and equitable treatment/Minimum standard of treatment, including denial of justice claims

Full protection and security, or similar

Arbitrary, unreasonable and/or discriminatory measures
None - all claims dismissed at the merits stage
ICSID annulment proceedings
ICSID annulment proceedings
Discontinued
Procedural order for the discontinuance of the proceeding issued by the ad hoc Committee dated 15 June 2012, pursuant to Administrative and Financial Regulation 14(3)(d) and (e)
Alexandrov, S. A. (President)

Irarrázabal, J. (Member)

Gómez-Pinzón, E. (Member)

Mantilla-Serrano, F. (Member) (replaced)