Case Details

I&I Beheer B.V. v. Bolivarian Republic of Venezuela (ICSID Case No. ARB/05/4)

Subject of Dispute:

Debt instruments
Economic Sector:

Finance
Instrument(s) Invoked:

BIT Netherlands - Venezuela, Republica Bolivariana de 1991 - Investment Law - Venezuela (1999)
Applicable Rules:

ICSID Convention - Arbitration Rules

(a) Original Proceeding

Claimant(s)/Nationality(ies):

I & I Beheer B.V. (Dutch)
Respondent(s):

Bolivarian Republic of Venezuela (Venezuelan)
Date Registered:

April 6, 2005
Date of Constitution of Tribunal:

September 30, 2005

Composition of Tribunal

President:

Karl-Heinz BÖCKSTIEGEL (German) - Appointed by the Parties
Arbitrators:

Charles N. BROWER (U.S.) - Appointed by the Claimant(s)
Pierre-Marie DUPUY (French) - Appointed by the Respondent(s)

Party Representatives

Claimant(s):

I&I Beheer B.V., Huizen, Netherlands
Respondent(s):

Arnold & Porter, Washington, D.C., U.S.A.
Foley Hoag, Washington, D.C., U.S.A.
Loaiza Bigott & Asociados, Caracas, Venezuela
Procuradora General de la República, Caracas, Venezuela
Language(s) of Proceeding:

English,Spanish
Status of Proceeding:

Concluded
Outcome of Proceeding:

December 28, 2007 - The Tribunal issues an order taking note of the discontinuance of the proceeding in accordance with Article 44 of the ICSID Convention.

No References Available.

(a) Original Proceeding

Date	Development
April 6, 2005	The Secretary-General registers a request for the institution of arbitration proceedings.
September 30, 2005	The Tribunal is constituted. Its members are: Karl-Heinz Böckstiegel (German), President; Charles N. Brower (U.S.); and Pierre-Marie Dupuy (French).
November 29, 2005	The Tribunal holds its first session by telephone conference.
December 2, 2005 - June 1, 2006	The Tribunal issues successive procedural orders concerning procedural matters.
February 17, 2006	The Claimant files a memorial on the merits.
March 30, 2006	The Respondent files objections to jurisdiction.
May 4, 2006	The Tribunal issues a further procedural order concerning procedural matters.
July 17, 2006	The Tribunal issues a procedural order concerning the procedural calendar.
September 15, 2006	The Respondent files a counter-memorial on the merits.
December 18, 2006	The Tribunal issues a procedural order concerning the production of documents.
May 15, 2007	The Respondent files a request for the discontinuance of the proceeding pursuant to ICSID Arbitration Rule 44.
July 13, 2007	The Claimant files a request for the suspension of the proceeding.
October 23, 2007	The Tribunal issues a procedural order concerning the Respondent’s request for the discontinuance of the proceeding of May 15, 2007.
November 23, 2007	The Respondent files observations as requested by the Tribunal in its procedural order of October 23, 2007.
November 25, 2007	The Claimant files observations as requested by the Tribunal in its procedural order of October 23, 2007.
December 28, 2007	The Tribunal issues an order taking note of the discontinuance of the proceeding in accordance with Article 44 of the ICSID Convention.