Enel Fortuna SA v Panama, Award, ICSID Case No ARB/19/5, IIC 1762 (2021), despatched 18th August 2021, United Nations [UN]; World Bank; International Centre for Settlement of Investment Disputes [ICSID]

1. On 21 February 2019, the International Centre for the Settlement of Investment Disputes (“ICSID” or “Centre”) received a request for arbitration (“Request for Arbitration”) from Enel Fortuna, S.A. (“Enel Fortuna” or “Claimant”), a company incorporated in Panama. Claimant asserts that it is controlled by Italian companies Enel S.p.A. and Enel Green Power S.p.A. The Request for Arbitration asserts claims against the Republic of Panama (“Panama” or “Respondent”) on the basis of Article IX of the Agreement Between the Government of the Republic of Panama and the...