Carlos ARRUE MONTENEGRO
Partner
Taveras Partners International
Dr. Arrue Montenegro's practice focuses on his role as international arbitrator and expert in international litigation and commercial and investment arbitration under the rules of institutions such as the ICC, ICSID, and UNCITRAL, among others. He holds the Diploma of The Hague Academy of International Law (2007).
Dr. Arrue has been counsel in charge of international arbitration matters at the Panama Canal Authority since 2015 and handled one of the largest construction arbitrations in history. Dr. Arrue Montenegro also acts as an arbitrator. He is a member of the ICSID roster of arbitrators.
He is a professor of international litigation, international commercial law, and private international law at the University of Panama. He has been a visiting professor at conferences organized by universities in Barcelona, Paris, and Rotterdam. He is the author of several publications on international litigation and arbitration, including the book L'autonomie de la volonté dans le conflit de juridictions (LGDJ, 2011, pp. 582).
Representative Experience
- Successful representation of the Republic of Panama in an investment arbitration regarding the alleged violation of the Panama-Dominican Republic BIT concerning the takeover and subsequent liquidation of an insurance company (Leopoldo Castillo Bozo v. Republic of Panama, Case CPA 40-2019).
- Representation of the Republic of Ecuador and PetroEcuador in an ICSID arbitration regarding the alleged violation of the Spain-Ecuador BIT through expropriation of the investment due to tax measures (Repsol YPF Ecuador, S.A., et al. v. Republic of Ecuador and PetroEcuador, ICSID Case No. ARB/08/10).
- Representation of Venezuela in an ICSID arbitration regarding the alleged expropriation of gold and diamond mining concessions (Highbury International AVV and Ramstein Trading Inc. v. Venezuela, ICSID Case No. ARB/11/1).
- Representation of the Panama Canal Authority in a series of complex and multimillion-dollar ICC international arbitrations – previously submitted to the Dispute Adjudication Board (DAB) – related to the expansion of the Panama Canal.
- Representation of an investor in an ICSID arbitration against the Co-operative Republic of Guyana regarding the annulment of a car parking concession contract (Smart City Solutions Holdings Inc. v. Co-operative Republic of Guyana, ICSID Case No. ARB/21/64).
- Representation of a Panamanian company in an ICC arbitration in Paris against a Latin American State and its state entity regarding a construction and operation contract for a power plant.
PAW Events
Current edition
Wednesday 25 March 2026
08:30 - 10:30
Arbitraje en materia de construcción: ineficiencias, costos y demoras en el proyecto. Ejemplos de la región latinoamericana
Taveras Partners International
Sign up
Thursday 26 March 2026
14:30 - 17:00
La responsabilidad del Estado con respecto a los contratos de sus entidades: perspectivas europeas y latinoamericanas
Taveras Partners International
Sign up
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<h1>Carlos ARRUE MONTENEGRO</h1>\n
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Partner\n
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Taveras Partners International\n
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<p>Dr. Arrue Montenegro's practice focuses on his role as international arbitrator and expert in international litigation and commercial and investment arbitration under the rules of institutions such as the ICC, ICSID, and UNCITRAL, among others. He holds the Diploma of The Hague Academy of International Law (2007). </p>\n
<p>Dr. Arrue has been counsel in charge of international arbitration matters at the Panama Canal Authority since 2015 and handled one of the largest construction arbitrations in history. Dr. Arrue Montenegro also acts as an arbitrator. He is a member of the ICSID roster of arbitrators. </p>\n
<p>He is a professor of international litigation, international commercial law, and private international law at the University of Panama. He has been a visiting professor at conferences organized by universities in Barcelona, \u{200B}\u{200B}Paris, and Rotterdam. He is the author of several publications on international litigation and arbitration, including the book L'autonomie de la volonté dans le conflit de juridictions (LGDJ, 2011, pp. 582).</p>\n
<p>Representative Experience </p>\n
<p>- Successful representation of the Republic of Panama in an investment arbitration regarding the alleged violation of the Panama-Dominican Republic BIT concerning the takeover and subsequent liquidation of an insurance company (Leopoldo Castillo Bozo v. Republic of Panama, Case CPA 40-2019).</p>\n
<p>- Representation of the Republic of Ecuador and PetroEcuador in an ICSID arbitration regarding the alleged violation of the Spain-Ecuador BIT through expropriation of the investment due to tax measures (Repsol YPF Ecuador, S.A., et al. v. Republic of Ecuador and PetroEcuador, ICSID Case No. ARB/08/10).</p>\n
<p>- Representation of Venezuela in an ICSID arbitration regarding the alleged expropriation of gold and diamond mining concessions (Highbury International AVV and Ramstein Trading Inc. v. Venezuela, ICSID Case No. ARB/11/1).</p>\n
<p>- Representation of the Panama Canal Authority in a series of complex and multimillion-dollar ICC international arbitrations – previously submitted to the Dispute Adjudication Board (DAB) – related to the expansion of the Panama Canal.</p>\n
<p>- Representation of an investor in an ICSID arbitration against the Co-operative Republic of Guyana regarding the annulment of a car parking concession contract (Smart City Solutions Holdings Inc. v. Co-operative Republic of Guyana, ICSID Case No. ARB/21/64).</p>\n
<p>- Representation of a Panamanian company in an ICC arbitration in Paris against a Latin American State and its state entity regarding a construction and operation contract for a power plant.</p>\n
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\n
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<h3>PAW Events</h3>\n
\n
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<h4>Current edition</h4>\n
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data-id="41284"\n
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> <div class="inside" data-id="41284">\n
<div class="event-date">\n
<span class="day">\n
Wed. <b>25</b>\n
Mar.\n
</span>\n
<span class="year">2026</span>\n
</div>\n
<div class="event-details">\n
<a href="https://parisarbitrationweek.preprod.online/event/taveras-partners-international-2026-41284/" class="event-title">\n
Arbitraje en materia de construcción: ineficiencias, costos y demoras en el proyecto. Ejemplos de la región latinoamericana\n
</a>\n
<div class="event-partners">\n
<a href="https://parisarbitrationweek.preprod.online/partner/taveras-partners-international/" class="partner">Taveras Partners International</a>\n
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<div class="event-themes">\n
<span class="theme">#Commercial arbitration</span>\n
<span class="theme">#Investment arbitration</span>\n
<span class="region">#Americas</span>\n
<span class="region">#Europe</span>\n
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\n
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<div class="event-ressources">\n
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\n
\n
<div class="map-det is-hidden">\n
<div class="date">\n
<div class="day">\n
Wednesday <b>25</b> March 2026\n
</div>\n
<div class="hours my-3">\n
08:30 - 10:30\n
</div>\n
</div>\n
<div class="title">Arbitraje en materia de construcción: ineficiencias, costos y demoras en el proyecto. Ejemplos de la región latinoamericana</div>\n
<div class="my-3">\n
<div class="partner">Taveras Partners International</div>\n
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\n
IN PERSON\n
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\n
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<div class="event-address">\n
<span>\n
10 Pl. de la Concorde\n
75008\n
Paris\n
</span>\n
<a href="https://www.google.com/maps/search/?api=1&query=10+Pl.+de+la+Concorde,75008,Paris" target="_blank" class="address-link button is-style-secondary mt-2">\n
<span>How to get there</span>\n
</a>\n
</div>\n
<a href="https://parisarbitrationweek.preprod.online/event/taveras-partners-international-2026-41284/" class="button is-style-primary mt-5">\n
<span>Sign up\n
<i class="paw-icon-arrow"></i>\n
</span>\n
</a>\n
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\n
\n
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La responsabilidad del Estado con respecto a los contratos de sus entidades: perspectivas europeas y latinoamericanas\n
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Thursday <b>26</b> March 2026\n
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14:30 - 17:00\n
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<div class="title">La responsabilidad del Estado con respecto a los contratos de sus entidades: perspectivas europeas y latinoamericanas</div>\n
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9-11 Av. Franklin Delano Roosevelt\n
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La conferencia abordará la base jurídica de la responsabilidad del Estado con respecto a los contratos celebrados por sus entidades, desde la perspectiva del derecho contractual y del derecho internacional, ya sea a través de un tratado de promoción de inversiones o del derecho consuetudinario. \r\n
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Se analizarán los criterios para atribuir la responsabilidad al Estado, el alcance de las obligaciones derivadas de los contratos celebrados por las entidades públicas y las condiciones en las que se puede invocar la responsabilidad del Estado. Asimismo, se abordarán las diferentes instancias competentes para conocer de estos asuntos, ya sean los tribunales nacionales o la jurisdicción arbitral a través de una cláusula de arbitraje de un contrato que comprometa a la entidad pública, del tratado de promoción de inversiones o de la ley nacional de protección de inversiones. \r\n
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________________________________________________________________________________________\r\n
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Responsibility of the State in relation to contracts with State Entities: European and Latin American perspectives\r\n
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Participants will explore the criteria for attributing responsibility to the State, the extent of obligations arising from public entity contracts, and the conditions under which State responsibility can be invoked.\r\n
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Furthermore, the various jurisdictional options for resolving these matters will be assessed, including national courts and arbitration tribunals, which derive their authority from contracts, investment treaties, or national investment protection laws.\r\n
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The conference will bring together speakers from Europe and Latin America, allowing these issues to be addressed from a comparative law perspective.
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