ICSID - International Centre for Settlement of Investment Disputes
ICSID - International Centre for Settlement of Investment Disputes
04/07/2025 | Press release | Archived content
Annex IV to Procedural Order No. 2
Petaquilla Minerals Ltd. v. Republic of Panama (ICSID Case No. ARB/24/12)
Proceeding
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Subject of Dispute:Mining concession
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Economic Sector:Oil, Gas & Mining
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Instrument(s) Invoked: (i)FTA Canada - Panama
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Applicable Rules:ICSID Convention - Arbitration Rules
(a) Original Proceeding
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Claimant(s)/Nationality(ies): (i)Petaquilla Minerals Ltd. (Canadian)
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Respondent(s):Republic of Panama (Panamanian)
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Date Registered:May 16, 2024
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Date of Constitution of Tribunal:December 10, 2024
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Composition of Tribunal
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President:Deva VILLANUA GOMEZ (Spanish) - Appointed by the Parties
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Arbitrators:Oscar M. GARIBALDI (Argentine, U.S.) - Appointed by the Claimant(s)
Carlos PAITAN CONTRERAS (Peruvian) - Appointed by the Respondent(s)
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Party Representatives
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Claimant(s):Dechamps International Law, London, U.K. and Buenos Aires, Argentina
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Respondent(s):Ministry of Economy and Finances, Panama City, Panama
Ministry of Commerce and Industries, Panama City, Panama -
Language(s) of Proceeding:Spanish
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Status of Proceeding:Pending
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Latest Development:April 22, 2025 - The Tribunal issues Procedural Order No. 4 on third-party funding.
(a) Original Proceeding
Published Decisions
Procedural Order No.1
Procedural Order No.2
Annex I to Procedural Order No. 2
Annex II to Procedural Order No. 2
Annex III to Procedural Order No. 2
Annex IV to Procedural Order No. 2
Available on the ICSID Website
Procedural Order No.1 (February 6, 2025) Spanish (Original)
Procedural Order No.2 (February 6, 2025) Spanish (Original)
Annex I to Procedural Order No. 2 (February 6, 2025) Spanish (Original)
Annex II to Procedural Order No. 2 (February 6, 2025) Spanish (Original)
Annex III to Procedural Order No. 2 (February 6, 2025) Spanish (Original)
Annex IV to Procedural Order No. 2 (February 6, 2025) Spanish (Original)
(a) Original Proceeding
| Date | Development |
| January 29, 2024 |
The Respondent files a request for security for costs. |
| May 16, 2024 |
The Acting Secretary-General registers a request for the institution of arbitration proceedings. |
| June 25, 2024 |
The proceeding is suspended until August 30, 2024 pursuant to the parties' agreement. |
| August 30, 2024 |
The suspension of the proceeding is extended until September 30, 2024 pursuant to the parties' agreement. |
| October 3, 2024 |
Following appointment by the Claimant, Oscar M. Garibaldi (Argentine/U.S.) accepts his appointment as arbitrator. |
| October 21, 2024 |
Following appointment by the Respondent, Carlos Paitán Contreras (Peruvian) accepts his appointment as arbitrator. |
| December 10, 2024 |
Following appointment by agreement of the parties, Deva Villanúa Gómez (Spanish) accepts her appointment as presiding arbitrator. |
| December 10, 2024 |
The Tribunal is constituted in accordance with Article 37(2)(a) of the ICSID Convention. Its members are: Deva Villanúa Gómez (Spanish), President, appointed by agreement of the parties; Oscar M. Garibaldi (Argentine/U.S.), appointed by the Claimant; and Carlos Paitán Contreras (Peruvian), appointed by the Respondent. |
| January 2, 2025 |
The Respondent files an objection that the claim is manifestly without legal merit pursuant to ICSID Arbitration Rule 41(1). |
| January 29, 2025 |
The Respondent files a request for security for costs. |
| January 31, 2025 |
The Tribunal holds a first session by video conference. |
| February 6, 2025 |
The Tribunal issues Procedural Order No. 1 concerning procedural matters. |
| February 6, 2025 |
The Tribunal issues Procedural Order No. 2 concerning production of documents. |
| February 7, 2025 |
The Claimant files observations on the Respondent's objection that the claim is manifestly without legal merit. |
| February 21, 2025 |
The Claimant files observations on the Respondent's request for security for costs. |
| February 28, 2025 |
The Respondent files a reply on its objection that the claim is manifestly without legal merit. |
| March 21, 2025 |
The Claimant files a rejoinder on the Respondent's objection that the claim is manifestly without legal merit. |
| April 3, 2025 |
The Tribunal issues Procedural Order No. 3 concerning procedural matters. |
| April 22, 2025 |
The Tribunal issues Procedural Order No. 4 on third-party funding. |
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