Case Details

Overseas Real Estate LLC v. Republic of Honduras (ICSID Case No. ARB(AF)/25/4)

Subject of Dispute:

Real estate and development projects
Economic Sector:

Construction
Instrument(s) Invoked:

Investment Law - Honduras (2011), CAFTA-DR (Dominican Republic-Central America Free Trade Agreement)
Applicable Rules:

ICSID Additional Facility - Arbitration Rules

President:

Dyalá JIMÉNEZ FIGUERES (Costa Rican) - Appointed by the Parties
Arbitrators:

Deva VILLANUA GOMEZ (Spanish) - Appointed by the Claimant(s)
Alexis MOURRE (French) - Appointed by the Respondent(s)

Claimant(s):

Hogan Lovells US, Miami, FL, U.S.A.
Respondent(s):

Dirección General de Integración Económica y Política Comercial and Procuraduría General de la República
Foley Hoag, Washington D.C., U.S.A.
Jana & Gil Dispute Resolution, Santiago, Chile
Status of Proceeding:

Pending
Latest Development:

February 10, 2026 - The Tribunal is constituted in accordance with ICSID Additional Facility Rule 29. Its members are: Dyalá Jiménez Figueres (Costa Rican), President, appointed by agreement of the parties; Deva Villanúa Gómez (Spanish), appointed by the Claimant; and Alexis Mourre (French), appointed by the Respondent.

No References Available.

Date	Development
May 15, 2025	The Acting Secretary-General registers a request for the institution of arbitration proceedings.
July 10, 2025	Following appointment by the Claimant, Deva Villanúa Gómez (Spanish) accepts her appointment as arbitrator.
October 27, 2025	Following appointment by the Respondent, Alexis Mourre (French) accepts his appointment as arbitrator.
February 9, 2026	Following appointment by agreement of the parties, Dyalá Jiménez Figueres (Costa Rican), accepts her appointment as presiding arbitrator.
February 10, 2026	The Tribunal is constituted in accordance with ICSID Additional Facility Rule 29. Its members are: Dyalá Jiménez Figueres (Costa Rican), President, appointed by agreement of the parties; Deva Villanúa Gómez (Spanish), appointed by the Claimant; and Alexis Mourre (French), appointed by the Respondent.