Case Details
Gardabani Holdings B.V. and Silk Road Holdings B.V. v. Georgia (ICSID Case No. ARB/17/29)
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Electric power generation and distribution
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Electric Power & Other Energy
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BIT Georgia - Netherlands 1998
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ICSID Convention - Arbitration Rules
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Silk Road Holdings B.V. (Dutch), Gardabani Holdings B.V. (Dutch)
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Georgia (Georgian)
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August 18, 2017
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December 15, 2017
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Henri C. ÁLVAREZ (Canadian) - Appointed by Co-Arbitrators
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Stanimir A. ALEXANDROV (Bulgarian) - Appointed by the Claimant(s)
Zachary DOUGLAS (Australian) - Appointed by the Respondent(s) -
Henri C. ÁLVAREZ (Canadian) - Appointed by Co-Arbitrators
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Horacio A. GRIGERA NAÓN (Argentine) - Appointed by the Claimant(s)
Zachary DOUGLAS (Australian) - Appointed by the Respondent(s) -
February 26, 2018: Stanimir A. ALEXANDROV (Bulgarian) appointed following the resignation of Horacio A. GRIGERA NAÓN (Argentine)
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Freshfields Bruckhaus Deringer, Paris, France
Stonebridge Legal LLC, Moscow, Russian Federation
Dentons Georgia, Tbilisi, Georgia -
Ministry of Justice, Tbilisi, Georgia
White & Case, Paris, France and New York, NY, U.S.A. -
English
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Concluded
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October 27, 2022 - The Tribunal renders its award; attached to the award is a dissenting opinion by arbitrator Zachary Douglas.
(a) Original Proceeding
Composition of Tribunal
Initial Composition of Tribunal
Party Representatives
No References Available.
(a) Original Proceeding
Date | Development |
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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. |
July 5, 2022 | Each party files a further submission on costs and interest. |
September 27, 2022 | The Tribunal declares the proceeding closed in accordance with ICSID Arbitration Rule 38(1). |
October 27, 2022 | The Tribunal renders its award; attached to the award is a dissenting opinion by arbitrator Zachary Douglas. |