Case Details
MetLife, Inc. and MetLife Servicios S.A. v. Argentine Republic (ICSID Case No. ARB/17/17)
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Pension system
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Other Industry
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BIT United States of America - Argentina 1991
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ICSID Convention - Arbitration Rules
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MetLife Servicios S.A. (Argentine), MetLife, Inc. (U.S.)
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Argentine Republic (Argentine)
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June 14, 2017
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February 9, 2018
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Ian BINNIE (Canadian) - Appointed by the Parties
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Klaus REICHERT (German, Irish) - Appointed by the Claimant(s)
Campbell Alan MC LACHLAN (New Zealand) - Appointed by the Respondent(s) -
White & Case, New York, NY, U.S.A.
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Procuración del Tesoro de la Nación, Buenos Aires, Argentina
Curtis, Mallet-Prevost, Colt and Mosle, Washington D.C. & New York, N.Y., U.S.A., Buenos Aires, Argentina and London, U.K. -
English,Spanish
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Concluded
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April 5, 2024 - The Tribunal renders its award.
(a) Original Proceeding
Composition of Tribunal
Party Representatives
(a) Original Proceeding
Published Decisions
Procedural Order No. 2, Decision on Bifurcation (English;)
(a) Original Proceeding
Date | Development |
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June 14, 2017 | The Secretary-General registers a request for the institution of arbitration proceedings. |
July 20, 2017 | Following appointment by the Claimants, Klaus Reichert (Irish/German) accepts his appointment as arbitrator. |
August 21, 2017 | Following appointment by the Respondent, Campbell McLachlan (New Zealand) accepts his appointment as arbitrator. |
February 9, 2018 | Following appointment by agreement of the parties, Ian Binnie (Canadian) accepts his appointment as presiding arbitrator. |
February 9, 2018 | The Tribunal is constituted in accordance with Article 37(2)(a) of the ICSID Convention. Its members are: Ian Binnie (Canadian), President, appointed by agreement of the parties; Klaus Reichert (German/Irish), appointed by the Claimants; and Campbell McLachlan (New Zealand), appointed by the Respondent. |
April 6, 2018 | The Tribunal holds a first session by telephone conference. |
May 1, 2018 | The Tribunal issues Procedural Order No. 1 concerning procedural matters. |
July 27, 2018 | The Claimants file a memorial on the merits. |
October 5, 2018 | The Respondent files a request to address the objections to jurisdiction as a preliminary question. |
November 13, 2018 | The Claimants file observations on the request to address the objections to jurisdiction as a preliminary question. |
December 21, 2018 | The Tribunal issues Procedural Order No. 2 concerning Respondent’s request to address the objections to jurisdiction as a preliminary question; as a result, the objections to jurisdiction are joined to the merits of the dispute. |
May 13, 2019 | The Respondent files a counter-memorial on the merits and a memorial on jurisdiction. |
August 9, 2019 | Following exchanges between the parties, each party files a request for the Tribunal to decide on production of documents. |
August 23, 2019 | The Tribunal issues Procedural Order No. 3 concerning production of documents. |
December 20, 2019 | The Claimants file a reply on the merits and a counter-memorial on jurisdiction. |
May 21, 2020 | The Respondent files a rejoinder on the merits and a reply on jurisdiction. |
June 26, 2020 | The Claimants file a request for the exclusion of evidence, supplemented by letter of July 2, 2020. |
July 8, 2020 | The Respondent files observations on the Claimants’ request for the exclusion of evidence. |
July 14, 2020 | The Claimants file a response to the Respondent’s observations of July 8, 2020. |
July 22, 2020 | The Respondent files a letter of rejoinder to the Claimants’ response of July 14, 2020. |
August 24, 2020 | The Tribunal issues Procedural Order No. 4 concerning the exclusion of evidence. |
September 3, 2020 | The Claimants file a rejoinder on jurisdiction. |
October 30, 2020 | The Tribunal issues Procedural Order No. 5 concerning procedural matters. |
December 30, 2020 | The Tribunal issues an order taking note of the discontinuance of the proceedings with respect to Metlife Seguros de Retiro, S.A. and the Retiro ICSID Claim pursuant to ICSID Arbitration Rule 44. |
January 29, 2021 | The Tribunal issues Procedural Order No. 6 concerning procedural matters. |
February 4, 2021 | The Tribunal holds a pre-hearing organizational meeting with the parties by video conference. |
February 8, 2021 | Non-disputing parties file an application to file a written submission pursuant to ICSID Arbitration Rule 37(2). |
February 26, 2021 | The Tribunal issues Procedural Order No. 7 concerning the organization of the hearing. |
March 2, 2021 | Each party files observations on the non-disputing parties’ application. |
March 8, 2021 | The Tribunal issues Procedural Order No. 8 concerning the non-disputing parties’ application to file a written submission pursuant to ICSID Arbitration Rule 37(2). |
March 30, 2021 | The non-disputing parties file a written submission pursuant to ICSID Arbitration Rule 37(2). |
April 5, 2021 | The Claimants file a request for the Tribunal to decide on the admissibility of new evidence. |
April 5, 2021 | Each party files a request for the Tribunal to decide on the admissibility of new evidence. |
April 9, 2021 | The Claimants file observations on the Respondent's request of April 5, 2021. |
April 9, 2021 | The Claimants file a request for the exclusion of certain submissions of the non-disputing parties. |
April 16, 2021 | The Respondent files observations on the Claimants’ request of April 5, 2021. |
April 17, 2021 | The Claimants file a response to the Respondent’s observations of April 16, 2021. |
April 18, 2021 | The Respondent files a rejoinder to the Claimants’ response of April 17, 2021. |
April 20, 2021 | The Tribunal issues Procedural Order No. 9 concerning the admissibility of new evidence. |
May 10, 2021 - May 15, 2021 | The Tribunal holds a hearing on jurisdiction and the merits by video conference. |
May 26, 2021 | The Claimants file a request for the Tribunal to decide on the admissibility of new evidence. |
May 28, 2021 | The Respondent files observations on the Claimants’ request of April 9, 2021. |
June 4, 2021 | The Respondent files observations on the Claimants’ request of April 5, 2021. |
June 8, 2021 | The Respondent files observations on the Claimants’ request of May 26, 2021. |
June 14, 2021 | The Tribunal issues Procedural Order No. 10 concerning the admissibility of new evidence. |
June 15, 2021 | The Tribunal issues Procedural Order No. 11 concerning the exclusion of certain submissions of the non-disputing parties. |
July 7, 2021 | Each party files observations on the non-disputing parties’ written submission. |
July 30, 2021 | The Respondent files a request for the Tribunal to decide on the admissibility of new evidence. |
August 9, 2021 | The Claimants file observations on the Respondent’s request of July 30, 2021. |
August 19, 2021 | The Tribunal issues Procedural Order No. 12 concerning the admissibility of new evidence. |
September 5, 2021 - September 11, 2021 | The Tribunal holds a hearing on quantum by video conference. |
September 22, 2021 | The Respondent files a request concerning the admissibility of new evidence. |
September 23, 2021 | The Claimants file observations on the Respondent’s request of September 22, 2021. |
September 28, 2021 | The Tribunal issues Procedural Order No. 13 concerning the admissibility of new evidence. |
October 15, 2021 | The Tribunal holds a hearing on closing arguments by video conference. |
September 26, 2022 | The Tribunal issues a decision on jurisdiction, liability, principles of quantum and interest. |
October 19, 2022 | The Claimants file a request for clarification and rectification of the Tribunal’s Decision of September 26, 2022. |
November 25, 2022 | The Respondent files a reply to the Claimants’ request of October 19, 2022. |
December 16, 2022 | The Claimants file further observations on their request of October 19, 2022. |
January 20, 2023 | The Respondent files a rejoinder to the Claimants’ request of October 19, 2022. |
June 30, 2023 | The Tribunal issues a decision on Clarification and Rectification of the Tribunal’s Decision on Jurisdiction, Liability, Principles of Quantum, and Interest. |
October 12, 2023 | Each party files a submission on costs. |
November 3, 2023 | Each party files observations on the other party’s submission on costs. |
February 7, 2024 | The Tribunal declares the proceeding closed in accordance with ICSID Arbitration Rule 38(1). |
April 5, 2024 | The Tribunal renders its award. |