Codere seeks nearly US$100m from Panama in investment arbitration
Codere has begun formal steps to bring an investment arbitration against Panama, seeking compensation of nearly US$100m, according to a media report. The company argues that Panama failed to implement a 2023 Supreme Court ruling on concessions involving competitor Cirsa; the claim remains at a preliminary stage, with six months for negotiations after notification on 9 April.
The dispute could expose Panama to a substantial compensation claim over the alleged failure to enforce a court ruling affecting gaming concessions.