Case Details
Addiko Bank AG v. Montenegro (ICSID Case No. ARB/17/35)
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Banking services and debt instruments
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Finance
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BIT Yugoslavia, Federal Republic of - Austria 2001
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ICSID Convention - Arbitration Rules
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Addiko Bank AG (Austrian)
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Montenegro (Montenegrin)
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September 19, 2017
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May 7, 2018
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Bernard HANOTIAU (Belgian) - Appointed by Co-Arbitrators
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Pierre-Yves TSCHANZ (Irish, Swiss) - Appointed by the Claimant(s)
Brigitte STERN (French) - Appointed by the Respondent(s) -
Specht & Partner Rechtsanwalt GmbH, Vienna, Austria
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Omnia Strategy, London, U.K.
Ministry of Finance, Podgorica, Montenegro
Angeline Welsh, Essex Court Chambers, London, U.K. -
English
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Concluded
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November 24, 2021 - The Tribunal renders its award.
(a) Original Proceeding
Composition of Tribunal
Party Representatives
No References Available.
(a) Original Proceeding
Date | Development |
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September 19, 2017 | The Secretary-General registers a request for the institution of arbitration proceedings. |
January 8, 2018 | Following appointment by the Respondent, Brigitte Stern (French) accepts her appointment as arbitrator. |
January 19, 2018 | Following appointment by the Claimant, Pierre-Yves Tschanz (Swiss/ Irish) accepts his appointment as arbitrator. |
May 7, 2018 | Following appointment by the co-arbitrators, Bernard Hanotiau (Belgian) accepts his appointment as presiding arbitrator. |
May 7, 2018 | The Tribunal is constituted in accordance with Article 37(2)(a) of the ICSID Convention. Its members are: Bernard Hanotiau (Belgian), President, appointed by his co-arbitrators; Pierre-Yves Tschanz (Swiss/Irish), appointed by the Claimant; and Brigitte Stern (French), appointed by the Respondent. |
July 2, 2018 | The Tribunal holds a first session by telephone conference. |
July 6, 2018 | The Tribunal issues Procedural Order No. 1 concerning procedural matters. |
September 7, 2018 | The Claimant files a memorial on the merits. |
February 1, 2019 | The Respondent files a counter-memorial on the merits and a memorial on preliminary objections. |
March 15, 2019 | Each party files a request for the Tribunal to decide on production of documents. |
April 3, 2019 | The Tribunal issues Procedural Order No. 2 concerning production of documents. |
May 27, 2019 | The Claimant files a reply on the merits and a counter-memorial on preliminary objections. |
June 10, 2019 | The Respondent files a request for the Tribunal to decide on production of documents. |
July 18, 2019 | The Tribunal issues Procedural Order No. 3 concerning production of documents. |
October 7, 2019 | The Respondent files a rejoinder on the merits. |
October 16, 2019 | The Claimant files a request for the Tribunal to decide on the admissibility of new evidence. |
October 17, 2019 | The Respondent files observations on the Claimant’s request of October 16, 2019. |
October 20, 2019 | The Tribunal poses questions to the Claimant concerning its request of October 16, 2019. |
October 22, 2019 | The Claimant files answers to the questions posed by the Tribunal on October 20, 2019. |
October 24, 2019 | The Respondent files further observations on the Claimant’s request of October 16, 2019. |
October 27, 2019 | The Claimant files a response to the Respondent’s further observations of October 24, 2019. |
October 28, 2019 | The Respondent files further observations on the Claimant’s response of October 27, 2019. |
November 4, 2019 | The Tribunal issues Procedural Order No. 4 concerning the Claimant’s request of October 16, 2019. |
November 7, 2019 | The Claimant files a rejoinder on preliminary objections. |
November 13, 2019 | The Respondent files a request for the exclusion of evidence. |
November 14, 2019 | The Claimant files observations on the Respondent’s request of November 13, 2019. |
November 15, 2019 | The Respondent files a response to the Claimant’s observations of November 14, 2019. |
November 18, 2019 | The President holds a pre-hearing organizational meeting with the parties by telephone conference. |
November 18, 2019 | The Claimant files further observations on the request for of November 13, 2019. |
November 19, 2019 | The Tribunal issues Procedural Order No. 5 concerning the exclusion of evidence. |
November 21, 2019 | The Tribunal issues Procedural Order No. 6 concerning the organization of the hearing. |
December 16, 2019 - December 19, 2019 | The Tribunal holds a hearing on the merits in Paris. |
March 12, 2020 | The Tribunal issues Procedural Order No. 7 concerning post-hearing matters. |
April 17, 2020 | Each party files a post-hearing brief. |
April 24, 2020 | Each party files a submission on costs. |
September 30, 2021 | The Tribunal declares the proceeding closed in accordance with ICSID Arbitration Rule 38(1). |
November 24, 2021 | The Tribunal renders its award. |