Case Details
Abaclat and others v. Argentine Republic (ICSID Case No. ARB/07/5)
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Debt instruments
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Finance
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BIT Argentina - Italy 1990
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ICSID Convention - Arbitration Rules
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Abaclat and others (nationality not available)
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Argentine Republic (Argentine)
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February 7, 2007
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February 6, 2008
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Pierre TERCIER (Swiss) - Appointed by the Parties
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Santiago TORRES BERNÁRDEZ (Spanish) - Appointed by the Respondent(s)
Albert Jan VAN DEN BERG (Dutch) - Appointed by the Claimant(s) -
Robert BRINER (Swiss)
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September 2, 2009: Pierre TERCIER (Swiss) appointed following the resignation of Robert BRINER (Swiss)
January 19, 2012: Santiago TORRES BERNÁRDEZ (Spanish) appointed following the resignation of Georges ABI-SAAB (Egyptian) -
Legance Studio Legale Associato, Rome, Italy
Perez Alati, Grondona, Benitez, Arntsen & Martinez De Hoz (Jr.), Buenos Aires, Argentina
White & Case, Washington, D.C., U.S.A. -
Cleary, Gottlieb, Steen & Hamilton, New York, NY, U.S.A.
Procurador del Tesoro de la Nación, Buenos Aires, Argentina -
English,Spanish
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Concluded
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December 29, 2016 - The Tribunal renders its award embodying the parties’ settlement agreement, pursuant to ICSID Arbitration Rule 43(2).
(a) Original Proceeding
Composition of Tribunal
Initial Composition of Tribunal
Party Representatives
(a) Original Proceeding
Published Decisions
Procedural Order No. 1
Annex A to Procedural Order No. 1
Procedural Order No. 2
Procedural Order No. 3
Procedural Order No. 4
Procedural Order No. 5
Procedural Order No. 6
Procedural Order No. 7
Procedural Order No. 8
Procedural Order No. 9
Decision on Jurisdiction and Admissibility
Dissenting Opinion to Decision on Jurisdiction and Admissibility
Decision on the Proposal to Disqualify a Majority of the Tribunal
Procedural Order No. 10
Procedural Order No. 11
Procedural Order No. 12
Procedural Order No. 13
Statement of Dissent to Procedural Order No. 13
Procedural Order No. 14
Procedural Order No. 15
Procedural Order No. 16
Procedural Order No. 17
Procedural Order No. 18
Annex 1 to Procedural Order No. 18
Annex 2 to Procedural Order No. 18
Procedural Order No. 19
Procedural Order No. 20
Statement of Dissent to Procedural Order No. 20
Procedural Order No. 21
Annex 1 to Procedural Order No. 21
Individual Statement to Procedural Order No. 21
Procedural Order No. 22
Individual Statement to Procedural Order No. 22
Directions from the Tribunal to the Parties
Individual Statement to the Directions from the Tribunal to the Parties
Directions from the Tribunal to the Parties
Statement of Dissent to the Directions from the Tribunal to the Parties
Directions from the Tribunal to the Parties
Statement of Dissent to the Directions from the Tribunal to the Parties
Letter from the Tribunal to the Parties
Procedural Order No. 23
Statement of Dissent to Procedural Order No. 23
Procedural Order No. 24
Procedural Order No. 25
Procedural Order No. 26
Procedural Order No. 27
Statement of Dissent to Procedural Order No. 27
Procedural Order No. 28
Statement of Dissent to Procedural Order No. 28
Procedural Order No. 29
Procedural Order No. 30
Procedural Order No. 31
Procedural Order No. 32
Procedural Order No. 33
Procedural Order No. 33
Statement of Dissent to the Letter from the Tribunal to the Parties
Procedural Order No. 34
Concurrent and Dissent Statement to Procedural Order No. 34
Consent Award
Annex A Settlement Agreement
Declaration appended to the Award by Arbitrator Santiago Torres Bernardez
Additional Declaration by President Pierre Tercier and Arbitrator Albert Jan van den Berg
Additional Declaration by Arbitrator Santiago Torres Bernardez
Available on the ICSID Website
Procedural Order No. 1 (December 12, 2008) English (Original); Spanish (Original)
Annex A to Procedural Order No. 1 (December 12, 2008) English (Original); Spanish (Original)
Procedural Order No. 2 (December 1, 2009) English (Original); Spanish (Original)
Procedural Order No. 3 (January 27, 2010) English (Original); Spanish (Original)
Procedural Order No. 4 (March 18, 2010) English (Original); Spanish (Original)
Procedural Order No. 5 (April 2, 2010) English (Original); Spanish (Original)
Procedural Order No. 6 (April 6, 2010) English (Original); Spanish (Original)
Procedural Order No. 7 (May 20, 2010) English (Original); Spanish (Original)
Procedural Order No. 8 (August 3, 2010) English (Original); Spanish (Original)
Procedural Order No. 9 (November 26, 2010) English (Original); Spanish (Original)
Decision on Jurisdiction and Admissibility (August 4, 2011) English (Original); Spanish (Original)
Dissenting Opinion to Decision on Jurisdiction and Admissibility (August 4, 2011) English (Original)
Decision on the Proposal to Disqualify a Majority of the Tribunal (December 21, 2011) English (Original)
Procedural Order No. 10 (June 18, 2012) English (Original); Spanish (Original)
Procedural Order No. 11 (June 27, 2012) English (Original); Spanish (Original)
Procedural Order No. 12 (July 7, 2012) English (Original); Spanish (Original)
Procedural Order No. 13 (September 27, 2012) English (Original); Spanish (Original)
Statement of Dissent to Procedural Order No. 13 (September 27, 2012) English (Original); Spanish (Original)
Procedural Order No. 14 (November 4, 2012) English (Original); Spanish (Original)
Procedural Order No. 15 (November 20, 2012) English (Original); Spanish (Original)
Procedural Order No. 16 (January 11, 2013) English (Original); Spanish (Original)
Procedural Order No. 17 (January 22, 2013) English (Original); Spanish (Original)
Procedural Order No. 18 (March 25, 2013) English (Original); Spanish (Original)
Annex 1 to Procedural Order No. 18 (March 25, 2013) English (Original)
Annex 2 to Procedural Order No. 18 (March 25, 2013) English (Original)
Procedural Order No. 19 (April 8, 2013) English (Original); Spanish (Original)
Procedural Order No. 20 (April 24, 2013) English (Original); Spanish (Original)
Statement of Dissent to Procedural Order No. 20 (April 24, 2013) English (Original); Spanish (Original)
Procedural Order No. 21 (May 2, 2013) English (Original); Spanish (Original)
Annex 1 to Procedural Order No. 21 (May 2, 2013) English (Original); Spanish (Original)
Individual Statement to Procedural Order No. 21 (May 2, 2013) English (Original); Spanish (Original)
Procedural Order No. 22 (July 31, 2013) English (Original); Spanish (Original)
Individual Statement to Procedural Order No. 22 (July 31, 2013) English (Original); Spanish (Original)
Directions from the Tribunal to the Parties (September 26, 2013) English (Original); Spanish (Original)
Individual Statement to the Directions from the Tribunal to the Parties (September 26, 2013) English (Original); Spanish (Original)
Directions from the Tribunal to the Parties (October 21, 2013) English (Original)
Statement of Dissent to the Directions from the Tribunal to the Parties (October 21, 2013) English (Original)
Directions from the Tribunal to the Parties (November 4, 2013) English (Original)
Statement of Dissent to the Directions from the Tribunal to the Parties (November 4, 2013) English (Original)
Letter from the Tribunal to the Parties (November 28, 2013) English (Original)
Procedural Order No. 23 (February 7, 2014) English (Original); Spanish (Original)
Statement of Dissent to Procedural Order No. 23 (February 7, 2014) English (Original); Spanish (Original)
Procedural Order No. 24 (March 6, 2014) English (Original); Spanish (Original)
Procedural Order No. 25 (April 28, 2014) English (Original); Spanish (Original)
Procedural Order No. 26 (May 12, 2014) English (Original); Spanish (Original)
Procedural Order No. 27 (May 30, 2014) English (Original); Spanish (Original)
Statement of Dissent to Procedural Order No. 27 (May 30, 2014) English (Original); Spanish (Original)
Procedural Order No. 28 (June 9, 2014) English (Original); Spanish (Original)
Statement of Dissent to Procedural Order No. 28 (June 9, 2014) English (Original); Spanish (Original)
Procedural Order No. 29 (June 10, 2014) English (Original); Spanish (Original)
Procedural Order No. 30 (June 11, 2014) English (Original); Spanish (Original)
Procedural Order No. 31 (June 20, 2014) English (Original); Spanish (Original)
Procedural Order No. 32 (August 1, 2014) English (Original); Spanish (Original)
Procedural Order No. 33 (September 4, 2014) English (Original); Spanish (Original)
Procedural Order No. 33 (September 4, 2014) English (Original); Spanish (Original)
Procedural Order No. 34 (December 9, 2014) English (Original); Spanish (Original)
Concurrent and Dissent Statement to Procedural Order No. 34 (December 9, 2014) English (Original); Spanish (Original)
Consent Award (December 29, 2016) English (Original); Spanish (Original)
Annex A Settlement Agreement (December 29, 2016) English (Original)
Declaration appended to the Award by Arbitrator Santiago Torres Bernardez (December 29, 2016) English (Original); Spanish (Original)
Additional Declaration by President Pierre Tercier and Arbitrator Albert Jan van den Berg (December 29, 2016) English (Original); Spanish (Original)
Additional Declaration by Arbitrator Santiago Torres Bernardez (December 29, 2016) English (Original); Spanish (Original)
(a) Original Proceeding
Date | Development |
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February 7, 2007 | The Secretary-General registers a request for the institution of arbitration proceedings. |
February 6, 2008 | The Tribunal is constituted. Its members are: Robert Briner (Swiss), President; Georges Abi-Saab (Egyptian); and Albert Jan van den Berg (Dutch). |
April 10, 2008 | The Tribunal holds a first session in Washington, D.C. |
May 2, 2008 | The parties file submissions on the scope of the jurisdictional phase, as instructed by the Tribunal. |
May 9, 2008 | The Tribunal issues a decision on the scope of the jurisdictional phase. |
August 8, 2008 | The Respondent files a memorial on jurisdiction and admissibility. |
November 7, 2008 | The Claimants file a counter-memorial on jurisdiction and admissibility. |
November 17, 2008 | The parties file requests for production of documents. |
November 24, 2008 | Each party files observations on the other party’s request for production of documents. |
December 12, 2008 | The Tribunal issues a procedural order concerning production of documents. |
February 23, 2009 | The Respondent files a reply on jurisdiction and admissibility. |
May 6, 2009 | The Claimants file a rejoinder on jurisdiction and admissibility. |
July 27, 2009 | Following the resignation of Robert Briner (Swiss), the Centre notifies the parties of the vacancy on the Tribunal; the proceeding is suspended. |
September 2, 2009 | The Tribunal is reconstituted. Its members are: Pierre Tercier (Swiss), President; Georges Abi-Saab (Egyptian); and Albert Jan van den Berg (Dutch). |
October 14, 2009 | The Tribunal holds a telephone conference with the parties concerning procedural matters. |
December 1, 2009 | The Tribunal issues a procedural order concerning the organization of the hearing on jurisdiction and admissibility. |
January 27, 2010 | The Tribunal issues a procedural order concerning confidentiality. |
March 18, 2010 | The Tribunal issues a procedural order concerning admissibility of documents for witness and expert examination. |
April 2, 2010 | The Tribunal issues a procedural order concerning admissibility of documents and attendance of hearing. |
April 6, 2010 | The Tribunal issues a procedural order concerning examination of witnesses. |
April 7, 2010 - April 13, 2010 | The Tribunal holds a hearing on jurisdiction in Washington, D.C. |
May 20, 2010 | The Tribunal issues a procedural order concerning admissibility of new documents. |
June 22, 2010 | The parties file post-hearing briefs. |
August 3, 2010 | The Tribunal issues a procedural order concerning the parties' submissions on costs. |
August 4, 2010 | The parties file statements of costs. |
October 22, 2010 | The Respondent files a request for further disclosure of information by the Claimants, and a request for the Tribunal to issue a decision on costs. |
October 27, 2010 | The Claimants file observations on the Respondent's request of October 22, 2010. |
November 2, 2010 | The Respondent files a response to the Claimants’ observations of October 27, 2010. |
November 26, 2010 | The Tribunal issues a procedural order concerning the Respondent’s requests of October 22, 2010. |
August 4, 2011 | The Tribunal issues a decision on jurisdiction and admissibility. A dissenting opinion by arbitrator Georges Abi-Saab dated October 28, 2011 is attached to the decision. |
September 15, 2011 | The Respondent files a proposal for disqualification of two arbitrators; the proceeding is suspended. |
October 21, 2011 | The Claimants file observations on the proposal for disqualification. |
November 2, 2011 | The arbitrators furnish explanations regarding the proposal for disqualification in accordance with ICSID Arbitration Rule 9(3). |
November 2, 2011 | Following the resignation of arbitrator Georges Abi-Saab, the Centre notifies the parties of the vacancy on the Tribunal. |
November 16, 2011 | The Parties file observations on the proposal for disqualification. |
December 21, 2011 | The proposal for disqualification of two arbitrators is declined. |
January 19, 2012 | The Tribunal is reconstituted. Its members are: Pierre Tercier (Swiss), President; Santiago Torres Bernárdez (Spanish); and Albert Jan van den Berg (Dutch). |
May 9, 2012 | The Tribunal holds a hearing on procedural issues in Washington, D.C. |
June 18, 2012 | The Tribunal issues a procedural order concerning security for costs. |
June 18, 2012 | The Tribunal issues directions concerning the language of the proceedings. |
June 27, 2012 | The Tribunal issues a procedural order concerning provisional measures. |
July 7, 2012 | The Tribunal issues a procedural order concerning the conduct of the proceedings and the procedural calendar. |
September 27, 2012 | The Tribunal issues a procedural order concerning the conduct of the proceedings, the procedural calendar and confidentiality. |
October 1, 2012 | The Claimants file a memorial on jurisdiction and merits. |
November 1, 2012 | The Tribunal issues a procedural order concerning the language of the proceedings. |
November 20, 2012 | The Tribunal issues a procedural order concerning the conduct of the proceedings. |
December 26, 2012 | The Respondent files a counter-memorial on jurisdiction and merits. |
January 11, 2013 | The Tribunal issues a procedural order concerning the language of the proceedings. |
February 8, 2013 | The Tribunal issues a procedural order concerning the conduct of the proceedings and the procedural calendar. |
March 25, 2013 | The Tribunal issues a procedural order concerning production of documents. |
April 8, 2013 | The Tribunal issues a procedural order concerning the conduct of the proceedings. |
April 24, 2013 | The Tribunal issues a procedural order concerning the conduct of the proceedings. |
May 2, 2013 | The Tribunal issues a procedural order concerning the conduct of the proceedings and the procedural calendar. |
July 31, 2013 | The Tribunal issues a procedural order concerning the conduct of the proceedings. |
September 26, 2013 | The Tribunal issues directions concerning the procedural calendar and the conduct of the proceedings. |
October 21, 2013 | The Tribunal issues directions concerning the procedural calendar and the conduct of the proceedings. |
November 4, 2013 | The Tribunal issues directions concerning the procedural calendar and the conduct of the proceedings. |
November 19, 2013 | The Claimants file a reply on jurisdiction and merits. |
December 19, 2013 | The Respondent files a proposal for disqualification of arbitrators Pierre Tercier and Albert Jan van den Berg. The proceeding is suspended in accordance with ICSID Arbitration Rule 9(6). |
December 27, 2013 | The Claimants file observations on the proposed disqualification. |
December 30, 2013 | The arbitrators furnish explanations regarding the proposal for disqualification in accordance with ICSID Arbitration Rule 9(3). |
January 13, 2014 | Each party files further observations on the proposal for disqualification. |
February 4, 2014 | The proposal for disqualification of arbitrators Pierre Tercier and Albert Jan van den Berg is declined by the Chairman of the Administrative Council. The proceeding is resumed pursuant to ICSID Arbitration Rule 9(6). |
February 7, 2014 | The Tribunal issues a procedural order concerning the procedural calendar. |
February 26, 2014 | Following exchanges between the parties, the Respondent files a request for the Tribunal to decide on production of documents. |
March 6, 2014 | The Tribunal issues a procedural order concerning production of documents. |
March 31, 2014 | The Respondent files a rejoinder on jurisdiction and merits. |
April 28, 2014 | The Tribunal issues a procedural order concerning the conduct of the proceedings. |
May 12, 2014 | The Tribunal issues a procedural order concerning the conduct of the proceedings. |
May 30, 2014 | The Tribunal issues a procedural order concerning the conduct of the proceedings. |
June 3, 2014 | The President of the Tribunal holds a pre-hearing organizational meeting with the parties by telephone conference. |
June 9, 2014 | The Tribunal issues a procedural order concerning the conduct of the proceedings. |
June 10, 2014 | The Tribunal issues a procedural order concerning the conduct of the proceedings. |
June 11, 2014 | The Tribunal issues a procedural order concerning the conduct of the proceedings. |
June 16, 2014 - June 24, 2014 | The Tribunal holds a hearing on the merits in Washington, D.C. |
June 20, 2014 | The Tribunal issues a procedural order concerning the conduct of the proceedings. |
August 1, 2014 | The Tribunal issues a procedural order concerning the conduct of the proceedings. |
September 4, 2014 | The Tribunal issues a procedural order concerning the conduct of the proceedings. |
September 29, 2014 | Each party files a post-hearing brief. |
October 29, 2014 | Each party files a reply post-hearing brief. |
November 12, 2014 | Each party files a submission on costs. |
December 9, 2014 | The Tribunal issues a procedural order concerning the conduct of the proceedings. |
October 5, 2015 | The Respondent files a request for the Tribunal to decide on the admissibility of new evidence. |
October 8, 2015 | The Claimants file observations on the Respondent’s request of October 5, 2015. |
October 11, 2015 | The Tribunal decides on the admissibility of new evidence. |
March 21, 2016 | The proceeding is suspended until July 19, 2016, pursuant to the parties’ agreement. |
December 29, 2016 | The Tribunal renders its award embodying the parties’ settlement agreement, pursuant to ICSID Arbitration Rule 43(2). |