Case Details
Vigotop Limited v. Hungary (ICSID Case No. ARB/11/22)
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Resort development
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Tourism
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BIT Cyprus - Hungary 1989
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ICSID Convention - Arbitration Rules
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Vigotop Limited (Cypriot)
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Hungary (Hungarian)
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August 4, 2011
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January 19, 2012
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Klaus SACHS (German) - Appointed by the Parties
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Doak BISHOP (U.S.) - Appointed by the Claimant(s)
Veijo HEISKANEN (Finnish) - Appointed by the Respondent(s) -
Dr. Daisy Kiss & Partner Law Office, Budapest, Hungary
Lakatos, Köves and Partners Ügyvdi Iroda, Budapest, Hungary
Volterra Fietta, London, U.K. -
Réczicza White & Case, Budapest, Hungary
Sárhegyi and Partners Law Firm, Budapest, Hungary
White & Case, New York, NY, U.S.A. and Paris, France -
English
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Concluded
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October 1, 2014 - The Tribunal renders its award.
(a) Original Proceeding
Composition of Tribunal
Party Representatives
(a) Original Proceeding
Date | Development |
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August 4, 2011 | The Secretary-General registers a request for the institution of arbitration proceedings. |
October 17, 2011 | Following appointment by the Claimant, Doak Bishop (U.S.) accepts his appointment as arbitrator. |
November 1, 2011 | Following appointment by the Respondent, Veijo Heiskanen (Finnish) accepts his appointment as arbitrator. |
January 19, 2012 | Following appointment by the parties, Klaus M. Sachs (German) accepts his appointment as presiding arbitrator. The Tribunal is constituted in accordance with Article 37(2)(a) of the ICSID Convention. Its members are: Klaus M. Sachs (German), President, appointed by agreement of the parties; Doak Bishop (U.S.), appointed by the Claimant; and Veijo Heiskanen (Finnish), appointed by the Respondent. |
April 12, 2012 | The Tribunal holds a first session in Paris. |
September 3, 2012 | The Claimant files a memorial on jurisdiction and the merits. |
December 14, 2012 | The Respondent files a request for the Tribunal to decide on production of documents. |
December 21, 2012 | The Tribunal issues Procedural Order No. 1 concerning production of documents. |
February 1, 2013 | The Respondent files a counter-memorial on jurisdiction and the merits. |
February 18, 2013 | The Tribunal issues Procedural Order No. 2 concerning production of documents. |
April 22, 2013 | The Claimant files a request for the Tribunal to decide on production of documents. |
April 25, 2013 | The Tribunal issues Procedural Order No. 3 concerning production of documents. |
May 21, 2013 | The Claimant files a reply on jurisdiction and the merits. |
June 30, 2013 | The Respondent files a request for the Tribunal to decide on production of documents. |
July 15, 2013 | The Claimant files observations on the Respondent’s request for the Tribunal to decide on production of documents. |
July 19, 2013 | The Tribunal issues Procedural Order No. 4 concerning production of documents. |
September 9, 2013 | The Respondent files a rejoinder on jurisdiction and the merits. |
October 18, 2013 | The Claimant files a request for the Tribunal to decide on the admissibility of new evidence. |
October 21, 2013 | The Tribunal holds a pre-hearing organizational meeting with the parties by telephone conference. |
October 22, 2013 | The Respondent files observations on the Claimant’s request of October 18, 2013. |
October 23, 2013 | The Claimant files a response to the Respondent’s observations of October 22, 2013. |
October 24, 2013 | The Respondent files further observations on the Claimant’s response of October 23, 2013. |
October 25, 2013 | The Tribunal issues Procedural Order No. 5 concerning the admissibility of new evidence. |
October 28, 2013 | The Claimant files a request for the Tribunal to decide on the admissibility of new evidence. |
October 30, 2013 | The Respondent files observations on the Claimant’s request of October 28, 2013. |
November 10, 2013 | The Claimant files a request for provisional measures. |
November 11, 2013 - November 22, 2013 | The Tribunal holds a hearing on jurisdiction and the merits in Washington, D.C. |
December 23, 2013 | The Claimant files a request for the Tribunal to decide on the admissibility of new evidence. |
December 24, 2013 | The Respondent files observations on the Claimant’s request of December 23, 2013. |
December 26, 2013 | The Claimant files a response to the Respondent’s observations of December 24, 2013. |
December 30, 2013 | The Respondent files further observations on the Claimant’s response of December 26, 2013. |
January 3, 2014 | The Tribunal decides on the admissibility of new evidence. |
January 17, 2014 | The Claimant files a request for the Tribunal to decide on the admissibility of new evidence. |
January 21, 2014 | The Respondent files a request for the Tribunal to decide on the admissibility of new evidence. |
January 22, 2014 | The Claimant files observations on the Respondent's request of January 21, 2014. |
January 24, 2014 | The Respondent files observations on the Claimant's request of January 17, 2014, and files a response to the Claimant's observations of January 22, 2014. |
January 28, 2014 | The Tribunal decides on the admissibility of new evidence. |
February 13, 2014 | Each party files a post-hearing brief. |
March 21, 2014 | Each party files a statement of costs. |
August 7, 2014 | The Tribunal declares the proceeding closed in accordance with ICSID Arbitration Rule 38(1). |
October 1, 2014 | The Tribunal renders its award. |