Case Details

CIT Group Inc. v. Argentine Republic (ICSID Case No. ARB/04/9)

Subject of Dispute:

Leasing enterprise
Economic Sector:

Finance
Instrument(s) Invoked:

BIT United States of America - Argentina 1991
Applicable Rules:

ICSID Convention - Arbitration Rules

(a) Original Proceeding

Claimant(s)/Nationality(ies):

CIT Group Inc. (U.S.)
Respondent(s):

Argentine Republic (Argentine)
Date Registered:

February 27, 2004
Date of Constitution of Tribunal:

November 11, 2004

Composition of Tribunal

President:

Pierre-Marie DUPUY (French) - Appointed by the Chairman of the Administrative Council
Arbitrators:

Claus VON WOBESER (Mexican) - Appointed by the Claimant(s)
Christian TOMUSCHAT (German) - Appointed by the Chairman of the Administrative Council

Party Representatives

Claimant(s):

Hunton & Williams, Washington, D.C., U.S.A.
Respondent(s):

Procurador del Tesoro de la Nación, Buenos Aires, Argentina
Language(s) of Proceeding:

English,Spanish
Status of Proceeding:

Concluded
Outcome of Proceeding:

May 12, 2009 - The Tribunal issues an order taking note of the discontinuance of the proceeding pursuant to ICSID Arbitration Rule 44.

No References Available.

(a) Original Proceeding

Date	Development
February 27, 2004	The Acting Secretary-General registers a request for the institution of arbitration proceedings.
November 11, 2004	The Tribunal is constituted. Its members are: Pierre-Marie Dupuy (French), President; Claus von Wobeser (Mexican); and Christian Tomuschat (German).
March 31, 2005	The Tribunal holds its first session in Washington, D.C.
October 13, 2005	The Claimant files a memorial on the merits.
December 28, 2005	The Respondent files a memorial on jurisdiction.
March 2, 2006	The Claimant files a counter-memorial on jurisdiction.
April 25, 2006	The Respondent files a reply on jurisdiction.
May 25, 2006	The Claimant files a rejoinder on jurisdiction.
August 29, 2006	The Tribunal holds a hearing on jurisdiction in Washington, D.C.
April 2, 2007	The Tribunal issues a decision on jurisdiction.
June 27, 2007	The Respondent files a request for production of documents.
July 12, 2007	The Claimant files observations on the Respondent’s request for production of documents.
July 20, 2007	The Claimant files further observations on the Respondent’s request for production of documents.
July 25, 2007	The Respondent files a reply on production of documents.
August 1, 2007	The Claimant files further observations on the Respondent’s request for production of documents.
August 7, 2007	The Respondent files a second reply on production of documents.
August 8, 2007	The Tribunal decides on the Respondent’s request for production of documents.
September 14, 2007	The Respondent files a counter-memorial on the merits.
February 28, 2008	The Claimant files a reply on the merits.
June 4, 2008	The Respondent files a further request for production of documents.
June 16, 2008	The Claimant files observations on the Respondent’s further request for production of documents.
June 27, 2008	The Respondent files a reply on the further request for production of documents.
July 28, 2008	The Respondent files a rejoinder on the merits.
October 8, 2008	The Claimant files a request for production of documents.
October 17, 2008	The Respondent files observations on the Claimant’s request for production of documents.
October 22, 2008	The Claimant files a reply on production of documents.
November 4, 2008	The Tribunal issues a procedural order concerning production of documents.
March 20, 2009	The Claimant requests the discontinuance of the proceeding pursuant to ICSID Arbitration Rule 44. The Respondent informs the Centre that it does not object to the Claimant’s request for the discontinuance of the proceeding.
May 12, 2009	The Tribunal issues an order taking note of the discontinuance of the proceeding pursuant to ICSID Arbitration Rule 44.