Panama
Latin Arbitration Law Country Profile
Arbitration Law
- Decreto Ley No. 5 - General Regime of Conciliation, Arbitration, and Mediation - July 8, 1999, amended by Ley No. 15 of May 22, 2006
International Conventions
|
|
Signed |
Entered into force |
|
10 Oct. 1984 |
8 Jan. 1985 [1] |
|
|
30 Jan. 1975 |
17 Dec. 1975 [2] |
|
|
8 May 1979 |
Not in force |
|
|
22 Nov. 1995 |
8 May 1996 [3] |
Investment Protection Treaties
|
Bilateral Investment Treaties [4] [5] |
Signed |
Entered into force UNCTAD/Min Com. |
Dispute Resolution Fora |
|
Argentina (Sp.) |
15 Sep. 2004 |
15 Sep. 2004 [6] |
Local courts ICSID ICSID Additional Facility Rules UNCITRAL |
|
12 Sep. 1996 |
13 Feb. 1998 |
ICSID ICSID Additional Facility Rules UNCITRAL |
|
|
Chile (Sp.) |
8 Nov. 1996 |
21 Dec. 1999 [7] |
Local courts ICSID |
|
Cuba |
27 Jan. 1999 |
26 Jul. 1999 |
|
|
27 Aug. 1999 |
20 Oct. 2000 |
Local courts ICSID UNCITRAL |
|
|
Dominican Republic (Sp.) |
6 Feb. 2003 |
17 Sep. 2006 [8] |
Local courts UNCITRAL ICSID ICSID Additional Facility Rules Ad hoc arbitration |
|
Finland |
19 Feb. 2009 |
|
|
|
5 Nov. 1982 |
9 Oct. 1985 [9] |
UNCITRAL | |
|
Germany (Sp.) |
2 Nov. 1983 |
10 Mar. 1989 [10] |
UNCITRAL Ad hoc arbitration |
|
10 Jul. 2001 |
8 Feb. 2002 |
Local courts CSID |
|
|
Mexico (Sp.) |
11 Oct. 2005 |
14 Dec. 2006 [11] |
ICSID ICSID Additional Facility Rules UNCITRAL |
|
28 Aug. 2000 |
1 Sep. 2001 |
Local courts ICSID |
|
|
Spain (Sp.) |
10 Nov. 1997 |
31 Jul. 1998 |
Local courts ICSID UNCITRAL |
|
19 Oct. 1983 |
22 Aug. 1985 |
Ad hoc arbitration UNCITRAL |
|
|
Taiwan Province of China (Sp.) |
26 Mar. 1992 |
14 Jul. 1992 |
Ad hoc arbitration |
|
Ukraine (Sp.) |
4 Nov. 2003 |
22 Aug. 2003 [12] |
Ad hoc arbitration International Court of Justice |
|
7 Oct. 1983 |
7 Nov. 1985 |
Ad hoc arbitration UNCITRAL |
|
|
Amendment Protocol (Sp.)
|
27 Oct. 1982 1 Jun. 2000 |
30 May 1991 10 May 2001 |
ICSID ICSID Additional Facility Rules UNCITRAL |
|
Uruguay (Sp.) |
18 Feb. 1998 |
14 Aug. 2002 [13] |
Local courts ICSID ICSID Additional Facility Rules UNCITRAL |
| Total |
18 |
18 |
|
Free Trade Associations [14] |
Signed |
Entered into force |
|
El Salvador (Sp.) |
6 Mar. 2002 |
11 Apr. 2003 |
| Taiwan (Eng.) (Sp.) |
21 Aug. 2003 |
1 Jan. 2004 |
| Chile (Sp.) |
27 Jun. 2006 |
7 Mar. 2008 |
| Singapore (Sp.) |
1 Mar. 2006 |
24 Jul. 2006 |
| United States (Eng.) |
28 Jun. 2007 |
Not in force |
|
Total |
5 |
4 |
Certain Arbitration Cases
|
ICSID Cases [15] |
Decisions and Awards |
Date [16] |
|
Nations Energy, Inc. and others v. Republic of Panama (Case No. ARB/06/19) |
Pending |
Pending |
|
Total Cases |
1 |
|
Cases/Parties Per Year
|
|
AAA/ICDR [17] |
ICC [18] |
ICSID [19] |
|
| |
|
|
Registered |
Concluded |
|
2000 |
N/A [20] |
8 |
0 |
0 |
|
2001 |
N/A |
8 |
0 |
0 |
|
2002 |
N/A |
12 |
0 |
0 |
|
2003 |
N/A |
9 |
0 |
0 |
|
2004 |
3 |
3 |
0 |
0 |
|
2005 |
3 |
7 |
0 |
0 |
|
2006 |
N/A |
5 |
1 |
0 |
| 2007 |
N/A | 2 |
0 |
0 |
| 2008 |
N/A | 3 |
0 |
0 |
| 2009 |
N/A | N/A | 0 |
0 |
Arbitral Institutions
Centro de Conciliación y Arbitraje de la Cámara de Comercio, Industrias y Agricultura de Panama
Instituto Internacional de Negociación, Mediación y Arbitraje (Could not verify if still active)
DISCLAIMER: USERS OF THIS SITE ARE RESPONSIBLE FOR VERIFYING THE INFORMATION CONTAINED IN EACH COUNTRY BRIEF, THESE MATERIALS MAY NOT REFLECT THE MOST CURRENT LEGAL DEVELOPMENTS OR DECISIONS.
[1] Source: UNCITRAL, available at http://www.uncitral.org/uncitral/en/uncitral_texts/arbitration/NYConvention_status.html
[2] Source: CIAC, available at http://www.ciac-iacac.org/documentos/2006_11_3_9_9_34_El%20Salvador%20(Convencion%20de%20Panama%201975).pdf
[3] Source: ICSID, available at http://icsid.worldbank.org/ICSID/FrontServlet?requestType=ICSIDDocRH&actionVal=ContractingStates&ReqFrom=Main
[4] Language abbreviations: English = Eng.; Spanish = Sp.; French = Fr.
[5] Source: UNCTAD and Ministerio de Comercio e Industrias of Panama available at http://www.mici.gob.pa/inversion.php
[6] According to SICE and Panama's Ministerio de Comercio e Industrias, a BIT between Panama and Argentina was signed on 10 May 1996 and entered into force on 22 June 1998. However, a more recent BIT between the two countries appears on UNCTAD and in Argentina's country brief. This more recent BIT is included in the table.
[7] According to the Ministerio de Comercio, this treaty entered in force on 30 Sep. 1999.
[8] In force according to UNCTAD.
[9] According to the Ministerio de Comercio, this treaty entered in force on 3 Oct. 1985.
[10] According to the Ministerio de Comercio, this treaty entered in force on 12 Mar. 1989.
[11] In force according to UNCTAD and Mexico.
[12] According to the Ministerio de Comercio, this treaty is not in force.
[13] According to the Ministerio de Comercio, this treaty entered in force on 22 Feb. 2001.
[14] Sources: OAS, Sistema de Información sobre Comercio Exterior ("SICE") and Ministerio de Comercio e Industrias of Panama available at http://www.mici.gob.pa/tratados.php. * Min Co provided information on which treaties where in force but not on the date of entry into force.
[15] Cases are presented in chronological order taking into consideration the registration number (Int'l arbitration cases) or the day of issuance (Court decisions).
[16] Date the decision or award was rendered.
[17] No. of cases administered by the International Center for Dispute Resolution of the AAA with a party from Panama.
[18] No. of Parties from Panama involved in Arbitration cases under ICC Rules.
[19] No. of cases registered by the ICSID Secretariat with Panama as Respondent State.
[20] Information not available.
[21] Terminal date of designation: 26 Jan. 2016.
[22] The members of the ICC International Court of Arbitration are appointed for three year terms.
