Omega Engineering LLC, a Puerto Rican company, and Mr. Oscar Rivera have initiated an arbitration pursuant to Chapter Ten of the U.S.-Panama Trade Promotion Agreement (TPA) as well as the Treaty between the United States of America and the Republic of Panama Concerning the Treatment and Protection of Investment, as amended (BIT). The claimants allege that various Panamanian governmental entities breached eight contracts, which constituted violations of various provisions of the TPA and BIT, including protections regarding expropriation, fair and equitable treatment, full protection and security, and unreasonable or arbitrary measures.

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02/03/20  Submission of the United States of America [309 KB]

U.S. Department of State

The Lessons of 1989: Freedom and Our Future