Case Details

Oleovest Pte. Ltd. v. Republic of Indonesia (ICSID Case No. ARB/16/26)

Subject of Dispute:

Food products enterprise
Economic Sector:

Agriculture, Fishing & Forestry
Instrument(s) Invoked:

BIT Indonesia - Singapore 2005
Applicable Rules:

ICSID Convention - Arbitration Rules

(a) Original Proceeding

Claimant(s)/Nationality(ies):

Oleovest Pte. Ltd. (Singaporean)
Respondent(s):

Republic of Indonesia (Indonesian)
Date Registered:

August 10, 2016
Date of Constitution of Tribunal:

November 22, 2017

Composition of Tribunal

President:

Stanimir A. ALEXANDROV (Bulgarian) - Appointed by the Chairman of the Administrative Council
Arbitrators:

Gordon SMITH (British, New Zealand) - Appointed by the Claimant(s)
Brigitte STERN (French) - Appointed by the Respondent(s)

Party Representatives

Claimant(s):

Clifford Chance, London, U.K., Perth, Australia, and Hong Kong
Respondent(s):

Attorney General of the Republic of Indonesia, Jakarta, Indonesia
Status of Proceeding:

Concluded
Outcome of Proceeding:

March 19, 2018 - The Tribunal issues a procedural order taking note of the discontinuance of the proceedings pursuant to ICSID Arbitration Rule 44; attached to the procedural order is a dissenting opinion by arbitrator Gordon Smith.

No References Available.

(a) Original Proceeding

Date	Development
August 10, 2016	The Secretary-General registers a request for the institution of arbitration proceedings.
October 18, 2016	Following appointment by the Claimant, Gordon Smith (New Zealand/ British) accepts his appointment as arbitrator.
January 24, 2017	Following appointment by the Respondent, Anna Joubin Bret (French) accepts her appointment as arbitrator.
October 18, 2017	Following appointment by the Chairman of the Administrative Council, Stanimir Alexandrov (Bulgarian) accepts his appointment as presiding arbitrator.
October 19, 2017	Anna Joubin-Bret withdraws her acceptance of her appointment as arbitrator.
November 22, 2017	Following appointment by the Respondent, Brigitte Stern (French) accepts her appointment as arbitrator. The Tribunal is constituted in accordance with Article 37(2)(b) of the ICSID Convention. Its members are: Stanimir Alexandrov (Bulgarian), President, appointed by the Chairman of the Administrative Council in accordance with Article 38 of the ICSID Convention; Gordon Smith (New Zealand/ British), appointed by the Claimant; and Brigitte Stern (French), appointed by the Respondent.
November 29, 2017	The Claimant files a request for the discontinuance of the proceedings pursuant to ICSID Arbitration Rule 44.
December 8, 2017	The Respondent informs the Centre that it does not object to the Claimant’s request for the discontinuance of proceeding.
December 15, 2017	The Claimant files observations on the Respondent’s submission of December 8, 2017.
December 21, 2017	The Respondent files a response to the Claimant’s observations of December 15, 2017.
March 19, 2018	The Tribunal issues a procedural order taking note of the discontinuance of the proceedings pursuant to ICSID Arbitration Rule 44; attached to the procedural order is a dissenting opinion by arbitrator Gordon Smith.