( February 9, 2026, 1:23 PM EST) -- WASHINGTON, D.C. — The International Centre for Settlement of Investment Disputes (ICSID) on Feb. 6 published a tribunal’s decision denying the Republic of Panama’s request to bifurcate a $400 million arbitration claim brought against it by a Canadian mining company that says Panama retroactively canceled its gold and copper mining concessions, finding both that Panama’s jurisdictional objections are intertwined with the merits and that the merits phase cannot be bifurcated because the merits are intertwined with potential damages....