Following appointment by agreement of the parties, Veijo Heiskanen (Finnish) accepts his appointment as presiding arbitrator.

The Tribunal is constituted in accordance with Article 37(2)(b) of the ICSID Convention. Its members are: Veijo Heiskanen (Finnish), President, appointed by agreement of the parties; Klaus Reichert (Irish/German), appointed by the Claimants; and Brigitte Stern (French), appointed by the Respondent.

The Claimants file a request for a procedural order on confidentiality.

The Respondent files observations on the Claimants’ request of February 22, 2018.

The Tribunal issues Procedural Order No. 2 concerning the Claimants’ request of February 22, 2018.

The Respondent files a memorial on preliminary objections and a counter-memorial on the merits.

A non-disputing party files an application to file a written submission pursuant to ICSID Arbitration Rule 37(2).

Each party files observations on the non-disputing party’s application.

The Tribunal issues Procedural Order No. 3 concerning production of documents.

The Tribunal issues Procedural Order No. 4 concerning the non-disputing party’s application to file a written submission pursuant to ICSID Arbitration Rule 37(2).

The Tribunal issues Procedural Order No. 5 concerning the non-disputing party’s request.

The non-disputing party files a written submission pursuant to ICSID Arbitration Rule 37(2).

The Claimants file a counter-memorial on preliminary objections and a reply on the merits.

The Respondent files a reply on preliminary objections.

The Respondent files a rejoinder on the merits.

The Claimants file a rejoinder on preliminary objections.

The President holds a pre-hearing organizational meeting with the parties by telephone conference.

The Tribunal holds a hearing on jurisdiction and merits in London.

The Claimants file a request for the Tribunal to decide on the admissibility of new evidence.

The Respondent files observations on the Claimants' request of April 11, 2019.

The Tribunal issues Procedural Order No. 6 concerning the admissibility of new evidence.

The Claimants file a request for the Tribunal to decide on production of documents.

The Respondent files observations on the Claimants’ request for the Tribunal to decide on production of documents.

The Tribunal decides on production of documents.

Each party files a post-hearing brief.

The Respondent files a request for the exclusion of evidence.

The Claimants file observations on the Respondent’s request to exclude evidence of August 15, 2019.

The Claimants file a request for the Tribunal to decide on production of documents.

The Respondent files observations on the Claimants’ request on the production of documents of July 3, 2019.

The Respondent files observations on the Claimants’ request for the Tribunal to decide on production of documents of August 22, 2019.

The Tribunal decides on the Claimants’ request of August 22, 2019 on the production of documents.

Each party files a submission on costs.

Each party files observations on the other party’s submission on costs.

The Tribunal issues a decision on jurisdiction and liability.

The Tribunal issues Procedural Order No. 7 concerning the procedural calendar.

The Claimants file a memorial on quantum.

The Respondent files a counter-memorial on quantum.

The Claimants file a reply on quantum.

The Respondent files further observations on quantum.

The Claimants file a response to the Respondent’s further observations of December 15, 2021.

The Claimants file a request for the Tribunal to decide on the admissibility of new evidence.

The Respondent files observations on the Claimant’s request of May 9, 2022.

The Tribunal decides on the Claimant’s request of May 9, 2022.

The Respondent files a rejoinder on quantum.

The President holds a pre-hearing organizational meeting with the parties by video conference.

The Tribunal issues Procedural Order No. 8 concerning the organization of the hearing.

The Tribunal holds a hearing on quantum in London.

Each party files a post-hearing brief.

The Tribunal issues Procedural Order No. 9 concerning the Respondent’s request to introduce new evidence.

Each party files a submission on costs.

Each party files observations on the other party’s submission on costs.

The Tribunal declares the proceeding closed in accordance with ICSID Arbitration Rule 38(1).

The Tribunal renders its award.

The Acting Secretary-General registers an application for annulment of the award filed by Iskandar Safa and Akram Safa.