Case Details

Ternium S.A. and Consorcio Siderurgia Amazonia S.L. v. Bolivarian Republic of Venezuela (ICSID Case No. ARB/12/19)

Subject of Dispute:

Steel production facilities
Economic Sector:

Other Industry
Instrument(s) Invoked:

BIT Spain - Venezuela, Republica Bolivariana de 1995, BIT Venezuela, Republica Bolivariana de - Belgium-Luxembourg 1998
Applicable Rules:

ICSID Convention - Arbitration Rules

(a) Original Proceeding

Claimant(s)/Nationality(ies):

Consorcio Siderurgia Amazonia S.L. (Spanish), Ternium S.A. (Luxembourg)
Respondent(s):

Bolivarian Republic of Venezuela (Venezuelan)
Date Registered:

August 1, 2012

Party Representatives

Claimant(s):

Freshfields Bruckhaus Deringer, Washington, D.C., U.S.A.
Respondent(s):

Procuraduría General de la República, Caracas, Venezuela
Language(s) of Proceeding:

English,Spanish
Status of Proceeding:

Concluded
Outcome of Proceeding:

November 29, 2012 - The Secretary-General issues a procedural order taking note of the discontinuance of the proceeding pursuant to ICSID Arbitration Rule 44.

No References Available.

(a) Original Proceeding

Date	Development
August 1, 2012	The Secretary-General registers a request for the institution of arbitration proceedings.
October 12, 2012	The Claimants file a request for the discontinuance of the proceeding pursuant to ICSID Arbitration Rule 44.
October 15, 2012	The Secretary-General issues a procedural order inviting the Respondent to state whether it opposes the Claimants' request for the discontinuance of the proceeding pursuant to ICSID Arbitration Rule 44.
November 1, 2012	The Respondent informs the Centre that it does not object to the Claimants' request for the discontinuance of the proceeding.
November 29, 2012	The Secretary-General issues a procedural order taking note of the discontinuance of the proceeding pursuant to ICSID Arbitration Rule 44.