Panama's CSS reportedly settles $175 million arbitration claim with Spain's FCC to salvage multi-million dollar 'Ciudad De La Salud' project

On 21 Jul 2021, Panama’s Social Security Fund (CSS) and Spanish construction company Fomento de Construcciones y Contratas (FCC) reportedly agreed to settle a $175 million arbitration claim FCC allegedly instituted against Panama before the International Chamber of Commerce (ICC).