Panama Sets Aside Millions for Legal Defence as Arbitration Claims Pile Up

PANAMA · ECONOMY Key Facts —What happened: The cabinet approved B/.7.88 million (US$7.88 million) to hire law firms for the state’s arbitration defence. —How big the fight: Local media put total investment arbitration claims against the state at about US$33 billion. —The catch: Claims are demands, not expected losses, and states rarely pay anything close…