Case Details

Ping An Life Insurance Company of China, Limited and Ping An Insurance (Group) Company of China, Limited v. Kingdom of Belgium (ICSID Case No. ARB/12/29)

Subject of Dispute:

Banking and financial services
Economic Sector:

Finance
Instrument(s) Invoked:

BIT China - Belgium-Luxembourg 1984, BIT China - Belgium-Luxembourg 2005
Applicable Rules:

ICSID Convention - Arbitration Rules

(a) Original Proceeding

Claimant(s)/Nationality(ies):

Ping An Insurance (Group) Company of China, Limited (Chinese), Ping An Life Insurance Company of China, Limited (Chinese)
Respondent(s):

Kingdom of Belgium (Belgian)
Date Registered:

September 19, 2012
Date of Constitution of Tribunal:

February 26, 2013

Composition of Tribunal

President:

Lawrence COLLINS (British) - Appointed by Co-Arbitrators
Arbitrators:

Philippe SANDS (British, French, Mauritian) - Appointed by the Respondent(s)
David A.R. WILLIAMS (New Zealand) - Appointed by the Claimant(s)

Party Representatives

Claimant(s):

James Crawford, London, U.K.
Kirkland & Ellis International, London, U.K. and Chicago, IL, U.S.A.
Paul Key, London, U.K.
Respondent(s):

Foley Hoag, Washington, D.C., U.S.A.
Liedekerke WoltersWaelbroeckKirkpatrick, Brussels, Belgium
Monsieur le Vice Premier Ministre et Ministre des Finances, Kingdom of Belgium, Brussels, Belgium
Service Public Fédéral Finances, Administration Générale de la Trésorerie, Kingdom of Belgium, Brussels, Belgium
Language(s) of Proceeding:

English,French
Status of Proceeding:

Concluded
Outcome of Proceeding:

April 30, 2015 - The Tribunal declares the proceeding closed in accordance with ICSID Arbitration Rule 38(1).

The Tribunal renders its award.

(a) Original Proceeding

Published Decisions

Award of the Tribunal

Available on the ICSID Website

Award of the Tribunal (April 30, 2015) English (Original)

(a) Original Proceeding

Date	Development
September 19, 2012	The Secretary-General registers a request for the institution of arbitration proceedings.
December 13, 2012	Following appointment by the Claimants, David A.R. Williams (New Zealand) accepts his appointment as arbitrator.
January 2, 2013	Following appointment by the Respondent, Philippe Sands (British/French) accepts his appointment as arbitrator.
February 26, 2013	Following appointment by the co-arbitrators, Lawrence Collins (British) accepts his appointment as presiding arbitrator.
February 26, 2013	The Tribunal is constituted in accordance with Article 37(2)(a) of the ICSID Convention. Its members are: Lawrence Collins (British), President, appointed by his co-arbitrators; David A.R. Williams (New Zealand), appointed by the Claimants; and Philippe Sands (French/British), appointed by the Respondent.
April 13, 2013	The Tribunal holds a first session in London.
April 29, 2013	The Tribunal issues Procedural Order No. 1 concerning procedural matters.
November 11, 2013	The Claimants file a memorial on the merits.
December 20, 2013	The Respondent files a notice of intent to file objections to jurisdiction.
December 26, 2013	The proceeding on the merits is suspended in accordance with ICSID Arbitration Rule 41(3).
February 10, 2014	The Respondent files a memorial on jurisdiction.
May 12, 2014	The Claimants file a counter-memorial on jurisdiction.
July 11, 2014	The Respondent files a reply on jurisdiction.
September 9, 2014	The Claimants file a rejoinder on jurisdiction.
October 7, 2014	The Tribunal issues Procedural Order No. 2 concerning the admissibility of a witness statement.
October 31, 2014	The Respondent files a response to a witness statement.
November 10, 2014 - November 11, 2014	The Tribunal holds a hearing on jurisdiction in London.
November 25, 2014	The Parties file an agreed chronology of events.
February 3, 2015	The Claimants file a statement of costs. The Respondent files a submission on costs.
February 20, 2015	The Claimants file a submission on costs.
April 30, 2015	The Tribunal declares the proceeding closed in accordance with ICSID Arbitration Rule 38(1). The Tribunal renders its award.