Introduction
Throughout its history, arbitration in Panama has been widely used in international commercial disputes, particularly in shipping and maritime law, construction, and banking. Panama’s legal system and infrastructure, including its well-developed telecommunications and transportation systems, have made it an attractive location for international arbitrations.
Indeed, in recent years, Panama has become a popular choice for international arbitration, particularly in Latin America. The country has a modern and efficient arbitration system, and it is a signatory to several international conventions on arbitration, including the New York Convention on the Recognition and Enforcement of Foreign Arbitral Awards and the Washington Convention on the Settlement of Investment Disputes between States and Nationals of Other States.