In the 1990s, the National Government decided to carry out a comprehensive reform of the electricity sector.

Through Law 131 of December 2013, Panama amended the arbitral process for both domestic and international commercial arbitration.

During the month of July, 1999, the Government of the Republic of Panama, through the Executive Branch, that is, the President and the Cabinet Council, exercising the limited legislative authority granted to it by law #27 of July 5, 1999, approved and enacted Decree-Law No. 5 of 1999 (in advance "the Decree-law"), by which a new system of rules concerning arbitration, conciliation and mediation was established.