2016
Dominion Minerals v. Panama Dominion Minerals Corp. v. Republic of Panama (ICSID Case No. ARB/16/13)
Panama
United States of America
Ownership of Cuprum Resources Corp., which held concession rights for the Cerro Chorcha mining property.
Claims arising out of the Government’s refusal to extend a mining exploration concession for the Cerro Chorcha mining property in Western Panama. The concession was held by the claimant’s local subsidiary Cuprum under the 2006 contract with Panama, concluded for an initial period of four years with the possibility of renewal for two additional 2-year terms. The Ministry of Commerce and Industries issued a resolution rejecting the extension application and declared Cerro Chorcha a “mineral reserve” area on which all exploration or extraction work was prohibited.
Primary: B - Mining and quarrying
7 - Mining of metal ores
ICSID (International Centre for Settlement of Investment Disputes)
ICSID (International Centre for Settlement of Investment Disputes)
Poncet, C.
Mourre, A.
Bullard, A.
Decided in favour of investor
Award dated 5 November 2020
Dissenting Opinion by Charles Poncet
Additional Declaration of Alfredo Bullard and Alexis Mourre
684.00 mln USD
15.90 mln USD
Indirect expropriation

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

Arbitrary, unreasonable and/or discriminatory measures

Umbrella clause
Indirect expropriation

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

Arbitrary, unreasonable and/or discriminatory measures
None