Case Details
Inversión y Gestión de Bienes, IGB, S.L. and IGB18 Las Rozas, S.L. v. Kingdom of Spain (ICSID Case No. ARB/12/17)
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Construction project
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Construction
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BIT Spain - Venezuela, Republica Bolivariana de 1995
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ICSID Convention - Arbitration Rules
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IGB18 Las Rozas, S.L. (Spanish), Inversión y Gestión de Bienes, IGB, S.L. (Spanish)
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Kingdom of Spain (Spanish)
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July 9, 2012
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November 15, 2012
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Rodrigo OREAMUNO (Costa Rican) - Appointed by the Parties
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Parra & Asociados, Madrid, Spain
Urbe Asesores Jurídicos, Madrid, Spain
WDA Legal, S.C., Caracas, Venezuela -
Subdirección General Servicios Contenciosos Abogacía General del Estado, Spain
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Spanish
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Concluded
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August 14, 2015 - The Sole Arbitrator renders the award.
(a) Original Proceeding
Composition of Tribunal
Party Representatives
(a) Original Proceeding
Published Decisions
Excerpts of the Award
Excerpts of the Award - Introductory Note
Available on the ICSID Website
Excerpts of the Award (August 14, 2015) Spanish (Original)
Excerpts of the Award - Introductory Note (August 14, 2015) English (Original); Spanish (Original)
(a) Original Proceeding
Date | Development |
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July 9, 2012 | The Secretary-General registers a request for the institution of arbitration proceedings. |
November 15, 2012 | The Tribunal is constituted in accordance with Article 37(2)(a) of the ICSID Convention. The Sole Arbitrator is Rodrigo Oreamuno (Costa Rican). |
November 15, 2012 | Following appointment by the parties, Rodrigo Oreamuno (Costa Rican) accepts his appointment as Sole Arbitrator. |
December 11, 2012 | The Sole Arbitrator holds a first session by telephone conference. |
January 30, 2013 | The Respondent files a request to address the objections to jurisdiction as a preliminary question. |
February 1, 2013 | The Claimants file observations on the Respondent's request to address the objections to jurisdiction as a preliminary question. |
February 5, 2013 | The Sole Arbitrator issues a decision on the Respondent’s request to address the objections to jurisdiction as a preliminary question; as a result, the proceeding on the merits is suspended. |
March 22, 2013 | The Claimants file a counter-memorial on jurisdiction. |
June 21, 2013 | The Sole Arbitrator issues a decision on jurisdiction. |
July 1, 2013 | The Sole Arbitrator issues Procedural Order No. 2 concerning the procedural calendar. |
September 19, 2013 | The Claimants file a memorial on liability. |
November 19, 2013 | The Respondent files a counter-memorial on liability. |
December 26, 2013 | The Claimants file a reply on liability. |
January 23, 2014 | The Sole Arbitrator issues Procedural Order No. 3 concerning procedural matters. |
March 11, 2014 | The Sole Arbitrator issues Procedural Order No. 4 concerning procedural matters. |
March 28, 2014 | The Respondent files a rejoinder on liability. |
April 3, 2014 | The Sole Arbitrator issues Procedural Order No. 5 concerning procedural matters. |
April 29, 2014 | The Claimants file a written submission in accordance with Procedural Order No. 5. |
May 12, 2014 | The Sole Arbitrator issues Procedural Order No. 6 concerning procedural matters. |
May 16, 2014 | The Respondent files observations on the Claimants’ written submission of April 29, 2014. |
June 13, 2014 | The Sole Arbitrator issues Procedural Order No. 7 concerning procedural matters. |
September 18, 2014 | The Sole Arbitrator issues Procedural Order No. 8 concerning procedural matters. |
November 24, 2014 - November 27, 2014 | The Tribunal holds a hearing on liability and quantum in Madrid. |
December 12, 2014 | The Tribunal poses questions to the parties. |
December 22, 2014 | Each party files answers to the questions posed by the Tribunal on December 12, 2014. |
March 16, 2015 | Each party files a statement of costs. |
March 17, 2015 | The Respondent files observations on the Claimants’ statement of costs. |
March 18, 2015 | The Claimants file a request for the Sole Arbitrator to decide on disclosure of information. |
April 1, 2015 | The Sole Arbitrator decides on disclosure of information. |
April 7, 2015 | The Claimants file a response to the Respondent’s observations of March 17, 2015. |
April 10, 2015 | The Respondent files further observations on the Claimants’ response of April 7, 2015. |
April 21, 2015 | The Sole Arbitrator declares the proceeding closed in accordance with ICSID Arbitration Rule 38(1). |
August 14, 2015 | The Sole Arbitrator renders the award. |