Case Details

Ali Alyafei v. Hashemite Kingdom of Jordan (ICSID Case No. ARB/15/24)

Subject of Dispute:

Acquisition of shares
Economic Sector:

Finance
Instrument(s) Invoked:

BIT Italy - Jordan 1996 - The Unified Agreement for the Investment of Arab Capital in the Arab States 1980
Applicable Rules:

ICSID Convention - Arbitration Rules

President:

Karl-Heinz BÖCKSTIEGEL (German) - Appointed by Co-Arbitrators
Arbitrators:

Stephan SCHILL (German) - Appointed by the Claimant(s)
Siegfried H. ELSING (German) - Appointed by the Respondent(s)

Claimant(s):

Lévy Kaufmann-Kohler, Geneva, Switzerland
Respondent(s):

Dajani & Associates, Amman, Jordan
Dr. Anis F. Kassim, Amman, Jordan
Homburger AG, Zurich, Switzerland
Language(s) of Proceeding:

English
Status of Proceeding:

Concluded
Outcome of Proceeding:

July 11, 2016 - The Tribunal issues an order taking note of the discontinuance of the proceeding for lack of payment of the required advances, pursuant to ICSID Administrative and Financial Regulation 14(3)(d).

No References Available.

Date	Development
June 11, 2015	The Secretary-General registers a request for the institution of arbitration proceedings
July 13, 2015	Following appointment by the Claimant, Stephan Schill (German) accepts his appointment as arbitrator.
August 17, 2015	Following appointment by the Respondent, Siegfried H. Elsing (German) accepts his appointment as arbitrator.
September 9, 2015	Following appointment by his co-arbitrators, Karl-Heinz Böckstiegel (German) accepts his appointment as presiding arbitrator. The Tribunal is constituted in accordance with Article 37(2)(a) of the ICSID Convention. Its members are: Karl-Heinz Böckstiegel (German), President, appointed by his co-arbitrators; Stephan Schill (German), appointed by the Claimant; and Siegfried H. Elsing (German), appointed by the Respondent.
November 2, 2015	The Secretary-General moves that the Tribunal stay the proceeding pursuant to ICSID Administrative and Financial Regulation 14(3)(d).
November 3, 2015	The proceeding is stayed for non-payment of a required advance pursuant to ICSID Administrative and Financial Regulation 14(3)(d).
May 18, 2016	The Secretary-General moves that the Tribunal discontinue the proceeding for lack of payment of the required advances, pursuant to ICSID Administrative and Financial Regulation 14(3)(d).
July 11, 2016	The Tribunal issues an order taking note of the discontinuance of the proceeding for lack of payment of the required advances, pursuant to ICSID Administrative and Financial Regulation 14(3)(d).