Case Details
Gold Reserve Inc. v. Bolivarian Republic of Venezuela (ICSID Case No. ARB(AF)/09/1)
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Mining company
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Oil, Gas & Mining
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BIT Canada - Venezuela, Republica Bolivariana de 1996
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ICSID Additional Facility - Arbitration Rules
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Gold Reserve Inc. (Canadian)
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Bolivarian Republic of Venezuela (Venezuelan)
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November 9, 2009
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March 9, 2010
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Piero BERNARDINI (Italian) - Appointed by the Parties
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Pierre-Marie DUPUY (French) - Appointed by the Respondent(s)
David A.R. WILLIAMS (New Zealand) - Appointed by the Claimant(s) -
White & Case, Washington, D.C., U.S.A.
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Foley Hoag, Washington, D.C., U.S.A.
Procuraduría General de la República, Caracas, Venezuela -
English,Spanish
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Concluded
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September 22, 2014 - The Tribunal renders its award.
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Both Parties
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November 4, 2014 (Claimant(s)), November 5, 2014 (Respondent(s))
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White & Case, Washington, D.C., U.S.A.
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Foley Hoag, Washington, D.C., U.S.A.
Procuraduría General de la República, Caracas, Venezuela -
Concluded
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December 15, 2014 - The Tribunal issues a decision on Claimant’s and Respondent’s requests for correction.
(a) Original Proceeding
Composition of Tribunal
Party Representatives
(b) Correction Proceeding
Party Representatives
(a) Original Proceeding
Published Decisions
Award - English (Original) (September 22, 2014)
(b) Correction Proceeding
Published Decisions
(a) Original Proceeding
Date | Development |
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November 9, 2009 | The Secretary-General registers a request for the institution of arbitration proceedings. |
March 9, 2010 | The Tribunal is constituted. Its members are: Piero Bernardini (Italian), President; Pierre-Marie Dupuy (French); and David A.R. Williams (New Zealand). |
April 23, 2010 | The Tribunal holds a first session by telephone conference. |
September 24, 2010 | The Claimant files a memorial on the merits. |
December 10, 2010 | The Respondent files a request for production of documents. |
December 22, 2010 | The Respondent files a memorial on jurisdiction. |
December 24, 2010 | The Claimant files observations on the Respondent’s request for production of documents. |
January 14, 2011 | The Claimant files observations on the Respondent's preliminary objections. |
January 26, 2011 | The Claimant files observations on the Respondent’s request for production of documents. |
February 3, 2011 | The Tribunal issues a procedural order concerning production of documents. |
February 25, 2011 | The Tribunal decides that the Respondent’s jurisdictional objections will be joined to the merits in accordance with Arbitration (Additional Facilities) Rule 45(5). |
April 14, 2011 | The Respondent files a counter-memorial on jurisdiction and merits. |
May 16, 2011 | The Claimant files a request for production of documents. |
June 1, 2011 | The Respondent files observations on the Claimant’s request for production of documents. |
June 2, 2011 | The Claimant files a response to the Respondent’s observations of June 1, 2011. |
June 8, 2011 | The Respondent files a response to the Claimant’s observations of June 2, 2011. |
June 9, 2011 | The Tribunal issues a decision on production of documents. |
July 29, 2011 | The Claimant files a reply on the merits. |
December 9, 2011 | The Respondent files a rejoinder on the merits. |
February 13, 2012 - February 17, 2012 | The Tribunal holds a hearing on jurisdiction and merits in Washington, D.C. |
March 16, 2012 | Each party files a post-hearing brief. |
May 25, 2012 | The Claimant files observations on the Respondent’s post-hearing brief. |
June 8, 2012 | The Respondent files a response to the Claimant’s observations of May 25, 2012. |
June 18, 2012 | The Claimant files observations on the Respondent’s response of June 8, 2012. |
July 25, 2012 | The Tribunal issues a procedural order concerning production of further expert evidence. |
December 10, 2012 | The Claimant files a request for the Tribunal to issue instructions for the implementation of Procedural Order No. 2. |
January 21, 2013 | Following several exchanges between the parties, the Tribunal decides on the Claimant’s request of December 10, 2012. |
January 25, 2013 | The Claimant files a request for the Tribunal to issue further instructions for the implementation of Procedural Order No. 2. The Respondent files observations on the Claimant’s request of January 25, 2013. |
January 29, 2013 | The Tribunal issues a decision on the Claimant’s request of January 25, 2013. |
February 1, 2013 | The Tribunal decides on the procedural calendar. |
February 26, 2013 | The Respondent files a request for the Tribunal to decide on production of documents. |
February 28, 2013 | The Claimant files observations on the Respondent’s request of February 26, 2013. The Respondent amends its request of February 26, 2013. |
March 1, 2013 | The Tribunal decides on the Respondent’s request of production of documents of February 26, 2013. |
March 5, 2013 | The Claimant files observations on Respondent’s amended request of February 28, 2013. |
March 8, 2013 | The Respondent files a response to the Claimant’s observations of March 5, 2013. |
March 11, 2013 | The Claimant files further observations on the Respondent’s request of February 28, 2013. |
March 12, 2013 | The Tribunal decides on the Respondent’s amended request for production of documents of February 28, 2013. |
April 9, 2013 | The Tribunal decides on the procedural calendar for the oral procedure. |
April 15, 2013 | The Tribunal decides on the procedural calendar for the written and oral procedure. |
April 26, 2013 | The Tribunal confirms the parties’ agreement to amend the procedural calendar for the written procedure. |
May 7, 2013 | The Tribunal confirms the parties’ agreement to further amend the procedural calendar for the written procedure. |
May 24, 2013 | Each party files an expert report. |
July 3, 2013 | Each party files a reply expert report. |
August 5, 2013 | Each party files observations on the other party's expert report. |
September 9, 2013 | The Tribunal issues Procedural Order No. 3 concerning procedural matters. |
October 15, 2013 - October 16, 2013 | The Tribunal holds a hearing on further expert evidence in Paris. |
October 22, 2013 | The Tribunal issues Procedural Order No. 4 concerning the post-hearing procedural calendar. |
December 23, 2013 | Each party files a post-hearing brief. |
May 26, 2014 | Each party files a statement of costs. |
July 10, 2014 | The Claimant files a request for the Tribunal to consider further evidence. |
July 21, 2014 | The Respondent files observations on the Claimant’s request of July 10, 2014. |
July 23, 2014 | The Tribunal issues a decision on the admissibility of further evidence. The Tribunal declares the proceeding closed in accordance with Article 44 of the Arbitration (Additional Facility) Rules. |
September 22, 2014 | The Tribunal renders its award. |
(b) Correction Proceeding
Date | Development |
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October 31, 2014 | The Respondent files a request for correction of the Award pursuant to Article 56 of the Arbitration (Additional Facility) Rules. |
November 4, 2014 | The Claimant files a request for correction of the Award pursuant to Article 56 of the Arbitration (Additional Facility) Rules. |
November 5, 2014 | The Respondent files a supplement to its request for correction of the Award. |
November 13, 2014 | Each party files observations on the other party’s request for correction of the Award. |
December 15, 2014 | The Tribunal issues a decision on Claimant’s and Respondent’s requests for correction. |