Case Details

Gardabani Holdings B.V. and Silk Road Holdings B.V. v. Georgia (ICSID Case No. ARB/17/29)

Subject of Dispute:

Electric power generation and distribution
Economic Sector:

Electric Power & Other Energy
Instrument(s) Invoked:

BIT Georgia - Netherlands 1998
Applicable Rules:

ICSID Convention - Arbitration Rules

(a) Original Proceeding

Claimant(s)/Nationality(ies):

Silk Road Holdings B.V. (Dutch), Gardabani Holdings B.V. (Dutch)
Respondent(s):

Georgia (Georgian)
Date Registered:

August 18, 2017
Date of Constitution of Tribunal:

December 15, 2017

Composition of Tribunal

President:

Henri C. ÁLVAREZ (Canadian) - Appointed by Co-Arbitrators
Arbitrators:

Stanimir A. ALEXANDROV (Bulgarian) - Appointed by the Claimant(s)
Zachary DOUGLAS (Australian) - Appointed by the Respondent(s)

Initial Composition of Tribunal

President:

Henri C. ÁLVAREZ (Canadian) - Appointed by Co-Arbitrators
Arbitrators:

Horacio A. GRIGERA NAÓN (Argentine) - Appointed by the Claimant(s)
Zachary DOUGLAS (Australian) - Appointed by the Respondent(s)
Reconstituted:

February 26, 2018: Stanimir A. ALEXANDROV (Bulgarian) appointed following the resignation of Horacio A. GRIGERA NAÓN (Argentine)

Party Representatives

Claimant(s):

Freshfields Bruckhaus Deringer, Paris, France and Moscow, Russian Federation
Dentons Georgia, Tbilisi, Georgia
Respondent(s):

Ministry of Justice, Tbilisi, Georgia
White & Case, Paris, France and New York, NY, U.S.A.
Language(s) of Proceeding:

English
Status of Proceeding:

Pending
Latest Development:

January 30, 2020 - Each party files observations on the other party’s submission on costs.

No References Available.

(a) Original Proceeding

Date	Development
August 18, 2017	The Acting Secretary-General registers a request for the institution of arbitration proceedings.
September 19, 2017	Following appointment by the Claimants, Horacio Grigera Naón (Argentine) accepts his appointment as arbitrator.
October 12, 2017	Following appointment by the Respondent, Zachary Douglas (Australian) accepts his appointment as arbitrator.
December 15, 2017	Following appointment by his co-arbitrators, Henri Álvarez (Canadian) accepts his appointment as presiding arbitrator.
December 15, 2017	The Tribunal is constituted in accordance with Article 37(2)(a) of the ICSID Convention. Its members are: Henri Álvarez (Canadian), President, appointed by his co-arbitrators; Horacio Grigera Naón (Argentine), appointed by the Claimants; and Zachary Douglas (Australian), appointed by the Respondent.
February 16, 2018	Following the resignation of arbitrator Horacio Grigera Naón, the Secretary-General notifies the parties of the vacancy on the Tribunal and the proceeding is suspended pursuant to ICSID Arbitration Rule 10(2).
February 20, 2018	The Tribunal consents to the resignation of arbitrator Horacio Grigera Naón pursuant to ICSID Arbitration Rule 8(2) and the Secretary-General notifies the parties thereof.
February 23, 2018	Following the resignation of arbitrator Horacio Grigera Naón, Stanimir A. Alexandrov (Bulgarian) accepts his appointment as arbitrator, appointed by the Claimants in accordance with ICSID Arbitration Rule 11(1).
February 26, 2018	The Tribunal is reconstituted. Its members are Henri C. Álvarez (Canadian), President, appointed by his co-Arbitrators; Stanimir A. Alexandrov (Bulgarian), appointed by the Claimants in accordance with ICSID Arbitration Rule 11(1); and Zachary Douglas (Australian), appointed by the Respondent. The proceeding is resumed pursuant to ICSID Arbitration Rule 12.
June 13, 2018	The Tribunal holds a first session by telephone conference.
June 28, 2018	The Claimants file a memorial on the merits.
July 9, 2018	The Tribunal issues Procedural Order No. 1 concerning procedural matters.
November 25, 2018	The Respondent files a counter-memorial on the merits and presents a counter-claim.
December 28, 2018	Each party files a request for the Tribunal to decide on production of documents.
January 15, 2019	The Tribunal issues Procedural Order No. 2 concerning production of documents.
March 5, 2019	The Claimants file a reply on the merits.
April 10, 2019	The Claimants file a further request for the Tribunal to decide on production of documents.
April 25, 2019	The Respondent files observations on the Claimants’ further request for the Tribunal to decide on production of documents.
May 2, 2019	The Claimants file a response to the Respondent’s observations of April 25, 2019.
May 9, 2019	The Respondent files further observations on the Claimants’ response of May 2, 2019.
May 23, 2019	The Tribunal issues Procedural Order No. 3 concerning production of documents.
June 13, 2019	The Respondent files a rejoinder on the merits.
September 10, 2019	The President holds a pre-hearing organizational meeting with the parties by telephone conference.
September 17, 2019	The Tribunal issues Procedural Order No. 4 concerning the organization of the hearing.
October 14, 2019 - October 23, 2019	The Tribunal holds a hearing on the merits, quantum and counter-claims in Paris.
January 16, 2020	Each party files a submission on costs.
January 30, 2020	Each party files observations on the other party’s submission on costs.