Following the resignation of arbitrator Anna Joubin-Bret, Brigitte Stern (French) accepts her appointment as arbitrator, appointed by the Respondent in accordance with ICSID Arbitration Rule 11(1).

Following appointment by the parties, Gabrielle Kaufmann-Köhler (Swiss) accepts her appointment as presiding arbitrator.

The Tribunal is constituted in accordance with Article 37(2)(a) of the ICSID Convention.  Its members are: Gabrielle Kaufmann-Köhler (Swiss), President, appointed by agreement of the parties; Oscar M. Garibaldi, (U.S./Argentine), appointed by Claimants; and Brigitte Stern, (French), appointed by Respondent.

The Tribunal holds a first session by telephone conference.

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

The Claimants file a memorial on the merits.

The Tribunal issues Procedural Order No. 2 concerning confidentiality of documents.

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

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

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

The Tribunal issues Procedural Order No. 5 concerning procedural matters.

The Tribunal issues Procedural Order No. 6 concerning production of documents.

The Tribunal issues Procedural Order No. 7 concerning privilege and confidentiality of documents.

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

The Respondent files a rejoinder on the merits and reply on jurisdictional objections.

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.

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

The Claimants file observations on the Respondent’s request of February 26, 2019.

The Tribunal issues a decision on the admissibility of a new document.

The Claimants file a rejoinder on jurisdictional objections.

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 March 27, 2019.

The Tribunal issues a decision on the admissibility of new evidence.

The Tribunal holds a Hearing on Jurisdiction and the Merits in London.

The Tribunal issues Procedural Order No. 9 regarding post-hearing matters.

Each party files a post-hearing brief.

Each party files a submission on costs.

The Tribunal issues Procedural Order No. 10 concerning procedural matters.

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 2, 2020.

The Tribunal decides on the admissibility of new evidence.

The parties file a joint valuation model from the parties’ experts.

Each party files observations on the joint valuation model from the parties’ experts.

Each party files an updated submission on costs.

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

The Tribunal renders its award; attached to the award is a partial dissent by arbitrator Oscar M. Garibaldi.