Following appointment by the Chairman of the Administrative Council in accordance with Article 38 of the ICSID Convention, Felipe Bulnes (Chilean) accepts his appointment as presiding arbitrator.

The Tribunal is constituted in accordance with Article 37(2)(b) of the ICSID Convention.  Its members are: Felipe Bulnes (Chilean), President, appointed by the Chairman of the Administrative Council in accordance with Article 38 of the ICSID Convention; Albert Jan van den Berg (Dutch), appointed by the Claimant; and Giorgio Sacerdoti (Italian), appointed by the Respondent.

The Respondent files preliminary objections pursuant to ICSID Arbitration Rule 41(5).

The Claimant files a response to the Respondent’s preliminary objections pursuant to ICSID Arbitration Rule 41(5).

The Tribunal holds a first session by telephone conference.

The Tribunal issues Procedural Order No. 1, concerning procedural matters.

The Tribunal issues a decision on the Respondent’s preliminary objections pursuant to ICSID Arbitration Rule 41(5).

The Tribunal issues Procedural Order No. 2 concerning procedural matters.

The Claimant files a memorial on the merits.

The Tribunal issues Procedural Order No. 3 concerning procedural matters.

The Tribunal issues Procedural Order No. 4 concerning procedural matters.

The Respondent files objections to jurisdiction and a request to address the objections to jurisdiction as a preliminary question.

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

The Claimant files observations on the request to address the objections to jurisdiction as a preliminary question.

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

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

The Tribunal issues Procedural Order No. 5 on the Respondent’s request to address the objections to jurisdiction as a preliminary question; as a result, the proceeding on the merits is suspended.

The Tribunal issues Procedural Order No. 6 concerning the non-disputing party’s application to file a written submission pursuant to ICSID Arbitration Rule 37(2).

The Claimant files a counter-memorial on jurisdiction.

Following exchanges between the parties, each party files a request for the Tribunal to decide on production of documents.

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

The Tribunal issues Procedural Order No. 7 concerning production of documents.

The Respondent files a reply on jurisdiction.

The Claimant files a rejoinder on jurisdiction.

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

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

The Tribunal holds a hearing on jurisdiction in Paris.

The Respondent files a submission on costs.

The Claimant files a submission on costs.

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

The Tribunal issues a decision on jurisdiction; attached to the decision is a partial dissenting opinion by arbitrator Giorgio Sacerdoti.

The Respondent files a counter-memorial on the merits.

Following exchanges between the parties, each party files a request for the Tribunal to decide on production of documents.

The Tribunal issues Procedural Order No. 9 concerning production of documents.

The Claimant files a reply on the merits.

The Respondent files a request for reconsideration of the Tribunal's decision of August 20, 2020.

The Respondent files a rejoinder on the merits.

The Claimant files observations on the Respondent’s request of October 13, 2021.

Each party files further observations on the Respondent’s request of October 13, 2021.

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

The Tribunal issues Procedural Order No. 10 concerning the organization of the hearing.

The Tribunal holds a hearing by video conference.

The Respondent files a request for the Tribunal to decide on the admissibility of new documents.

The Claimant files observations on the Respondent’s request of June 27, 2022; and a request for the Tribunal to decide on the admissibility of new documents.

The Respondent files observations on the Claimant’s request of July 6, 2022.

The Tribunal decides on the Parties’ requests of June 27, 2022 and July 6, 2022.

The Tribunal decides on the Respondent’s request for reconsideration of October 13, 2021; attached to the decision is a partial dissenting opinion by arbitrator Giorgio Sacerdoti.

The Tribunal holds a hearing on the merits in Paris.

The Respondent files a request for reconsideration of the Tribunal's Decision of October 20, 2022.

The Claimant files observations on the Respondent’s request of December 27, 2022.

Each party files a post-hearing brief.

Each party files a reply post-hearing brief.

The Tribunal decides on the Respondent’s request for reconsideration of December 27, 2022.

Each party files a submission on costs.

Each party files a reply on costs.

The Respondent files a request for the Tribunal to decide on the admissibility of a new document.

The Claimant files observations on the Respondent’s request of March 25, 2024.

The Tribunal decides on the Respondent’s request of March 25, 2024.

The Respondent files a request for reconsideration of the Tribunal's Decision of October 20, 2022.

The Claimant files observations on the Respondent’s request of July 26, 2024.

The Respondent files a request for reconsideration of the Tribunal’s Decision of October 20, 2022.

The Claimant files observations on the Respondent’s request of October 28, 2024.

The Tribunal decides on the Respondent’s requests for reconsideration of July 26, 2024 and October 28, 2024.

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

The Respondent files a request to reopen the proceeding pursuant to ICSID Arbitration Rule 38(2).

The Claimant files observations on the request to reopen the proceeding.

The Tribunal decides on the Respondent’s request of April 24, 2025.

The Tribunal renders its award.

The Secretary-General registers an application for annulment of the award filed by the Kingdom of Spain.