Case Details

Brandes Investment Partners, LP v. Bolivarian Republic of Venezuela (ICSID Case No. ARB/08/3)

Subject of Dispute:

Telecommunication enterprise
Economic Sector:

Information & Communication
Instrument(s) Invoked:

Investment Law - Venezuela (1999)
Applicable Rules:

ICSID Convention - Arbitration Rules

(a) Original Proceeding

Claimant(s)/Nationality(ies):

Brandes Investment Partners, LP (U.S.)
Respondent(s):

Bolivarian Republic of Venezuela (Venezuelan)
Date Registered:

March 24, 2008
Date of Constitution of Tribunal:

December 8, 2008

Composition of Tribunal

President:

Rodrigo OREAMUNO (Costa Rican) - Appointed by the Chairman of the Administrative Council
Arbitrators:

Karl-Heinz BÖCKSTIEGEL (German) - Appointed by the Claimant(s)
Brigitte STERN (French) - Appointed by the Respondent(s)

Initial Composition of Tribunal

President:

Robert BRINER (Swiss)
Arbitrators:

Karl-Heinz BÖCKSTIEGEL (German)
Brigitte STERN (French)
Reconstituted:

December 23, 2009: Rodrigo OREAMUNO (Costa Rican) appointed following the resignation of Robert BRINER (Swiss)

Party Representatives

Claimant(s):

Meszgravis & Asociados, Caracas, Venezuela
Milbank, Tweed, Hadley & McCloy, Washington, D.C., U.S.A.
Respondent(s):

Curtis, Mallet-Prevost, Colt & Mosle, New York, NY, U.S.A. and Mexico City, Mexico
Language(s) of Proceeding:

English,Spanish
Status of Proceeding:

Concluded
Outcome of Proceeding:

August 2, 2011 - The Tribunal renders its award.

(a) Original Proceeding

Published Decisions

Decision on the Respondent’s Objection under Rule 41(5) of the ICSID Arbitration Rules

Award - English (Original) (May 4, 2012)

Available on the ICSID Website

Decision on the Respondent’s Objection under Rule 41(5) of the ICSID Arbitration Rules (February 2, 2009) English (Original); Spanish (Original)

(a) Original Proceeding

Date	Development
March 24, 2008	The Secretary-General registers a request for the institution of arbitration proceedings.
December 8, 2008	The Tribunal is constituted. Its members are: Robert Briner (Swiss), President; Karl-Heinz Böckstiegel (German); and Brigitte Stern (French).
December 19, 2008	The Respondent files preliminary objections pursuant to ICSID Arbitration Rule 41(5).
January 13, 2009	The Claimant files observations on the Respondent's preliminary objections of December 19, 2008.
January 29, 2009	The Tribunal holds a first session in Paris.
February 2, 2009	The Tribunal issues a decision on the Respondent’s objections under ICSID Arbitration Rule 41(5).
April 15, 2009	The Respondent files a memorial on jurisdiction.
June 30, 2009	The Claimant files a counter-memorial on jurisdiction.
July 28, 2009	Following the resignation of Robert Briner (Swiss), the Centre notifies the parties of the vacancy on the Tribunal; the proceeding is suspended.
September 1, 2009	The Respondent files a reply on jurisdiction.
October 15, 2009	The Claimant files a rejoinder on jurisdiction.
December 23, 2009	The Tribunal is reconstituted. Its members are: Rodrigo OREAMUNO (Costa Rican); Karl-Heinz BÖCKSTIEGEL (German); Brigitte STERN (French).
November 15, 2010 - November 16, 2010	The Tribunal holds a hearing on jurisdiction in Washington D.C.
December 15, 2010	The parties file post-hearing briefs.
August 2, 2011	The Tribunal renders its award.