Case Details

Isolux Corsán Concesiones S.A. v. Republic of Peru (ICSID Case No. ARB/12/5)

Subject of Dispute:

Electricity transmission concession
Economic Sector:

Electric Power & Other Energy
Instrument(s) Invoked:

BIT Spain - Peru 1994
Applicable Rules:

ICSID Convention - Arbitration Rules

(a) Original Proceeding

Claimant(s)/Nationality(ies):

Isolux Corsán Concesiones S.A. (Spanish)
Respondent(s):

Republic of Peru (Peruvian)
Date Registered:

February 15, 2012
Date of Constitution of Tribunal:

October 12, 2012

Composition of Tribunal

President:

Hugo PEREZCANO DIAZ (Mexican) - Appointed by the Parties
Arbitrators:

Alexis MOURRE (French) - Appointed by the Claimant(s)
Horacio A. GRIGERA NAÓN (Argentine) - Appointed by the Respondent(s)

Party Representatives

Claimant(s):

Payet, Rey, Cauvi Abogados, Lima, Peru
Shearman & Sterling, Paris, France
Respondent(s):

Estudio Echecopar, Lima, Peru
Ministerio de Economía y Finanzas, Lima, Peru
White & Case, Washington, D.C., U.S.A.
Language(s) of Proceeding:

Spanish
Status of Proceeding:

Concluded
Outcome of Proceeding:

March 25, 2014 - The Tribunal renders its award embodying the parties' settlement agreement, pursuant to ICSID Arbitration Rule 43(2).

(a) Original Proceeding

Published Decisions

Procedural Order No. 2

Award of the Tribunal

Available on the ICSID Website

Procedural Order No. 2 (August 8, 2013) Spanish (Original)

Award of the Tribunal (March 25, 2014) Spanish (Original)

(a) Original Proceeding

Date	Development
February 15, 2012	The Secretary-General registers a request for the institution of arbitration proceedings.
June 6, 2012	Following appointment by the Claimants, Alexis Mourre (French) accepts his appointment as arbitrator.
June 22, 2012	Following appointment by the Respondent, Horacio Grigera Naón (Argentine) accepts his appointment as arbitrator.
October 12, 2012	The Tribunal is constituted in accordance with Article 37(2)(a) of the ICSID Convention. Its members are: Hugo Perezcano Díaz (Mexican), President, appointed by agreement of the parties; Alexis Mourre (French), appointed by the Claimants; and Horacio Grigera Naón (Argentine), appointed by the Respondent.
January 28, 2013	The Tribunal holds a first session by telephone conference.
March 11, 2013	The Tribunal issues Procedural Order No. 1 concerning procedural matters.
May 28, 2013	The Claimant files a request for the discontinuance of the proceeding pursuant to ICSID Arbitration Rule 44.
June 4, 2013	The Claimant files a memorial on the merits and jurisdiction.
June 11, 2013	The Tribunal invites the Respondent to state whether it opposes Claimant's request for the discontinuance of the proceeding pursuant to ICSID Arbitration Rule 44.
July 11, 2013	The Respondent informs the Centre that it accepts Claimant's request for the discontinuance of the proceeding.
August 8, 2013	The Tribunal issues a procedural order taking note of the discontinuance of the proceeding pursuant to ICSID Arbitration Rule 43 (1).
March 25, 2014	The Tribunal renders its award embodying the parties' settlement agreement, pursuant to ICSID Arbitration Rule 43(2).