Type: Client Alerts
Bridgestone’s tire dispute in Panama opens door for milestone interpretation of investment treaty protection for trademarks
The International Centre for Settlement of Investment Disputes (ICSID) has just released a decision on the expedited objections of the respondent state, Panama, in Bridgestone Licensing Services, Inc. and Bridgestone Americas, Inc. v Republic of Panama (ICSID Case No. ARB/16/34). The Tribunal, comprised of Lord Phillips (Chair), Horacio Grigera Naón (the investors’ appointee) and J Christopher Thomas QC (the state’s appointee), considered in which circumstances registered trademarks and, by extension, the licences for such trademarks can be considered as investments qualifying for treaty protection.