Following appointment by the Secretary General, Hi-Taek Shin (Korean) accepts his appointment as presiding arbitrator.

The Tribunal is constituted in accordance with Article 37(2)(a) of the ICSID Convention. Its members are: Hi-Taek Shin (Korean), President, appointed by the Secretary-General pursuant to the parties’ agreement; Rudolf Dolzer (German), appointed by the Claimants; and Mónica Pinto (Argentine), appointed by the Respondent.

The Claimant files a request for the Tribunal to decide on confidentiality of documents.

The Respondent files observations on the Claimant’s request of December 19, 2017.

The Claimant files a response to the Respondent’s observations of December 29, 2017.

The Respondent files further observations on the Claimant’s response of January 20, 2018.

The Respondent files a renewed request for the Tribunal to decide on production of documents.

The Claimant files a reply on the merits and a counter-memorial on jurisdiction.

The Tribunal issues Procedural Order No. 3 concerning confidentiality of documents.

The Claimant files observations on the Respondent’s renewed request of January 31, 2018.

The Respondent files a response to the Claimant’s observations of February 8, 2018.

The Claimant files further observations on the Respondent’s renewed request of January 31, 2018.

The Tribunal’s poses questions to the parties concerning the Respondent’s renewed request of January 31, 2018.

Each party files answers to the questions posed by the Tribunal on February 28, 2018.

The Claimant files a request for the Tribunal to decide on the admissibility of new documents.

The Respondent files a request for a site visit.

The Respondent files observations on the Claimant’s request of March 6, 2018.

Each party files further answers to the questions posed by the Tribunal on February 28, 2018.

The Claimant files a renewed request for the Tribunal to decide on production of documents.

The Respondent files a renewed request for the Tribunal to decide on production of documents.

The Claimant files observations on the Respondent’s request of January 31, 2018.

The Respondent files a response to the Claimant’s observations of February 8, 2018.

The Claimant files further observations on the renewed request for production of documents.

The Tribunal poses questions to the parties on the renewed request for production of documents.

Each party files further answers to the questions posed by the Tribunal on February 28, 2018.

The Claimant files a renewed request for the Tribunal to decide on production of documents.

The Tribunal decides on the admissibility of new documents.

The Claimant files observations on the Respondent’s request for a site visit.

The Respondent files observations on the Claimant’s request of March 14, 2018.

The Respondent files a response to the Claimant’s observations of March 15, 2018.

The Tribunal poses questions on the Respondent’s site visit request of March 8, 2018.

The Tribunal decides on the parties’ renewed requests on production of documents of January 31, 2018 and March 14, 2018.

The Respondent files its responses on the Tribunal’s questions of March 22, 2018.

The Claimant files observations on the Respondent’s responses of March 27, 2018.

The Respondent files a rejoinder on the merits and a reply on jurisdiction.

The Tribunal issues Procedural Order No. 4 concerning the Respondent’s site visit request of March 8, 2018.

The Claimant files a rejoinder on jurisdiction.

The Respondent files a request for the Tribunal to decide on disclosure of evidence from this case in another case.

The Claimant files observations on the Respondent’s request for the Tribunal to decide on disclosure of evidence from this case in another case.

The Tribunal decides on disclosure of evidence.

The Tribunal holds a pre-hearing organizational meeting with the parties by telephone conference.

The Tribunal issues Procedural Order No. 5 concerning the organization of the hearing.

The Respondent files a request for reconsideration of the Tribunal’s Procedural Order No. 5 of July 25, 2018.

The Claimant files observations on the Respondent’s request of August 7, 2018.

The Respondent files a response to the Claimant’s observations of August 9, 2018.

The Tribunal issues Procedural Order No. 6 concerning the Respondent’s request for reconsideration of August 7, 2018.

Each Party files a request for the Tribunal to decide on the admissibility of new documents.

Each Party files its comments on the other Party’s request of August 17, 2018.

The Tribunal issues Procedural Order No. 7 concerning the Parties’ request of August 17, 2018.

The Tribunal holds a hearing on jurisdiction and the merits in Paris.

Each party files a post-hearing brief.

The Respondent files a request for the exclusion of evidence.

The Claimant files observations on the Respondent's request of December 28, 2018.

Each party files a submission on costs.

Each party files observations on the other party’s submission on costs.

Each party files further observations on the other party’s submissions on costs.

A non-disputing party files an application pursuant to ICSID Arbitration Rule 37(2).

The Claimant files observations on the non-disputing party’s application.

The Respondent files observations on the non-disputing party’s application.

The Tribunal issues a decision on the non-disputing party’s application of May 15, 2019.

The Tribunal invites the parties to file new legal authorities and submissions on their relevance.

Each party files new legal authorities and comments on their relevance.

The Respondent renews its request of December 28, 2018 for the exclusion of evidence.

The Claimant files observations on the Respondent’s renewed request for the exclusion of evidence.

The Respondent withdraws the objection to the jurisdiction of the Tribunal based on the reasoning in Achmea.

The Claimant files observation on the Respondent’s withdrawal of November 8, 2019.

The Tribunal issues Procedural Order No. 8 concerning Respondent’s withdrawal of November 8, 2019.

The Respondent files a request for the Tribunal to decide on the admissibility of new documents.

The Claimant files observations on the Respondent’s request of December 4, 2019.

The Tribunal issues Procedural Order No. 9 concerning the Respondent’s renewed request for the exclusion of evidence.

The Tribunal decides on the admissibility of new documents.

The Respondent files a request for the Tribunal to decide on the admissibility of new documents.

The Claimant files observations on the Respondent’s request of March 10, 2020.

The Tribunal decides on the admissibility of new documents.

Following the passing away of arbitrator Rudolf Dolzer (German), the Secretary-General notifies the parties of the vacancy on the Tribunal and the proceeding is suspended pursuant to ICSID Arbitration Rule 10(2).

Following the passing away of arbitrator Rudolf Dolzer, August Reinisch (Austrian) accepts his appointment as arbitrator, appointed by the Claimant in accordance with ICSID Arbitration Rule 11(1).

The Tribunal is reconstituted. Its members are Hi-Taek Shin (Korean), President, appointed by the Secretary-General; August Reinisch (Austrian), appointed by the Claimant; and Mónica Pinto (Argentine), appointed by the Respondent. The proceeding is resumed pursuant to ICSID Arbitration Rule 12.

The Respondent files a proposal for disqualification of arbitrator August Reinisch. The proceeding is suspended in accordance with ICSID Arbitration Rule 9(6).

The Claimant files observations on the proposal for disqualification.

The arbitrator furnishes explanations regarding the proposal for disqualification in accordance with ICSID Arbitration Rule 9(3).

The Respondent files observations on the proposal for disqualification.

The proposal for disqualification of arbitrator August Reinsch is declined by the co-arbitrators. The proceeding is resumed pursuant to ICSID Arbitration Rule 9(6).

The Respondent files a request for the Tribunal to decide on the admissibility of new evidence.

The Claimant files observations on the Respondent’s request of October 10, 2020.

The Tribunal decides on the admissibility of new evidence.

The Tribunal issues a decision on jurisdiction, liability and certain issues of quantum; attached to the decision is a separate opinion by arbitrator Mónica Pinto.

The parties file a joint memorandum and a joint model prepared by their respective experts on quantum.

Each party files an updated submission on costs.

The Tribunal declares the proceeding closed in accordance with ICSID Arbitration Rule 38(1).

The Tribunal renders its award.

The Acting Secretary-General registers an application for annulment of the award filed by the Kingdom of Spain and notifies the parties of the provisional stay of enforcement of the award.

The ad hoc Committee is constituted in accordance with Article 52(3) of the ICSID Convention. Its members are: Dyalá Jiménez Figueres (Costa Rican); Tina Cicchetti (Canadian/Italian); Ucheora Onwuamaegbu (British/Nigerian); all members appointed by the Chairman of the Administrative Council.

The Kingdom of Spain files a submission in support of the continuation of the stay of enforcement of the award.

The ad hoc Committee holds a first session by video conference.

The Kingdom of Spain files a proposal for disqualification of ad hoc Committee member Dyalá Jiménez Figueres. The proceeding is suspended in accordance with ICSID Arbitration Rules 53 and 9(6).

JGC Holdings Corporation files observations on the proposal for disqualification.

The member of the ad hoc Committee furnishes explanations regarding the proposal for disqualification in accordance with ICSID Arbitration Rules 53 and 9(3).

Each party files further observations on the proposal for disqualification.

The proposal for disqualification of Committee member Dyalá Jiménez Figueres is declined by the co-members.  The proceeding is resumed pursuant to ICSID Arbitration Rule 9(6).

JGC Holdings Corporation files observations on the Kingdom of Spain’s request to continue the stay of enforcement of the award.

The ad hoc Committee issues Procedural Order No. 1 concerning procedural matters.

The Kingdom of Spain files a response to JGC Holdings Corporation’s observations of August 22, 2022.

The Kingdom of Spain files a request for the ad hoc Committee to decide on the admissibility of new evidence. 

JGC Holdings Corporation files observations on the Kingdom of Spain’s request of September 20, 2022.

JGC Holdings Corporation files a reply to the Kingdom of Spain’s response of September 13, 2022.

The ad hoc Committee issues procedural order No. 2 concerning the admissibility of new evidence. 

The ad hoc Committee holds a hearing on the stay of enforcement of the award by video conference.

The Kingdom of Spain files a memorial on annulment.

The ad hoc Committee issues a decision concerning the termination of the stay of enforcement of the award. 

JGC Holdings Corporation files a counter-memorial on annulment.

The Kingdom of Spain files a reply on annulment.

JGC Holdings Corporation files a rejoinder on annulment.

The ad hoc Committee issues Procedural Order No. 3 concerning the organization of the hearing.

A non-disputing party files an application to file a written submission pursuant to ICSID Arbitration Rule 37(2).

Each party files observations on the non-disputing party’s application.

The ad hoc Committee holds a hearing on annulment in person in London and by video conference.

The ad hoc Committee issues Procedural Order No. 4 concerning the non-disputing party’s request of July 7, 2023.

Each party files a submission on costs.

The ad hoc Committee declares the proceeding closed in accordance with ICSID Arbitration Rules 38(1) and 53.

The ad hoc Committee issues its decision on annulment.