Case Details

Nacato N.V. and others v. Bolivarian Republic of Venezuela (ICSID Case No. ARB(AF)/22/6)

Subject of Dispute:

Insurance company
Economic Sector:

Finance
Instrument(s) Invoked:

BIT Netherlands - Venezuela, Republica Bolivariana de 1991
Applicable Rules:

ICSID Additional Facility - Arbitration Rules

(a) Original Proceeding

Claimant(s)/Nationality(ies):

Nacato N.V. (Dutch), Nacama N.V. (Dutch), Racana N.V. (Dutch), Pimento N.V. (Dutch)
Respondent(s):

Bolivarian Republic of Venezuela (Venezuelan)
Date Registered:

October 26, 2022

Party Representatives

Claimant(s):

Reed Smith, Washington, D.C., U.S.A.
Respondent(s):

Bolivarian Republic of Venezuela
Status of Proceeding:

Pending
Latest Development:

September 19, 2024 - Following appointment by the Respondent, Facundo Pérez Aznar (Argentine/Swiss) accepts his appointment as arbitrator.

No References Available.

(a) Original Proceeding

Date	Development
October 26, 2022	The Secretary-General registers a request for the institution of arbitration proceedings.
February 15, 2023	Following appointment by the Claimants, Stephen L. Drymer (Canadian) accepts his appointment as arbitrator.
August 3, 2023	Following appointment by the Secretary-General, Antolín Fernández Antuña (Spanish) accepts his appointment as arbitrator.
September 19, 2024	Antolín Fernández Antuña (Spanish) withdraws his acceptance of the appointment as arbitrator.
September 19, 2024	Following appointment by the Respondent, Facundo Pérez Aznar (Argentine/Swiss) accepts his appointment as arbitrator.