Case Details
Nacato N.V. and others v. Bolivarian Republic of Venezuela (ICSID Case No. ARB(AF)/22/6)
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Insurance company
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Finance
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BIT Netherlands - Venezuela, Republica Bolivariana de 1991
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ICSID Additional Facility - Arbitration Rules
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Nacato N.V. (Dutch), Nacama N.V. (Dutch), Racana N.V. (Dutch), Pimento N.V. (Dutch)
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Bolivarian Republic of Venezuela (Venezuelan)
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October 26, 2022
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January 7, 2025
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N. Fernando PIÉROLA CASTRO (Peruvian, Swiss) - Appointed by the Acting Secretary-General
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Stephen L. DRYMER (Canadian) - Appointed by the Claimant(s)
Facundo PEREZ AZNAR (Argentine, Swiss) - Appointed by the Respondent(s) -
Reed Smith, Washington, D.C., U.S.A.
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Bolivarian Republic of Venezuela
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Pending
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January 28, 2025 - The Respondent files a proposal for disqualification of arbitrator Stephen L. Drymer pursuant to ICSID Additional Facility Arbitration Rule 30(1). The proceeding is suspended in accordance with ICSID Additional Facility Arbitration Rule 30(4).
(a) Original Proceeding
Composition of Tribunal
Party Representatives
No References Available.
(a) Original Proceeding
Date | Development |
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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. |
January 6, 2025 | Following appointment by the Acting Secretary-General in accordance with ICSID Additional Facility Arbitration Rule 26, Fernando Piérola-Castro, a national of Peru and Switzerland, accepts his appointment as presiding arbitrator. |
January 7, 2025 | The Tribunal is constituted in accordance with ICSID Additional Facility Rule 24(2). Its members are Fernando Piérola-Castro (Peruvian and Swiss), President, appointed by the Acting Secretary-General; Stephen L. Drymer (Canadian), appointed by the Claimants; and Facundo Pérez Aznar (Argentine/Swiss), appointed by the Respondent. |
January 28, 2025 | The Respondent files a proposal for disqualification of arbitrator Stephen L. Drymer pursuant to ICSID Additional Facility Arbitration Rule 30(1). The proceeding is suspended in accordance with ICSID Additional Facility Arbitration Rule 30(4). |