Case Details
Addiko Bank AG and Addiko Bank d.d. v. Republic of Croatia (ICSID Case No. ARB/17/37)
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Banking services and debt instruments
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Finance
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BIT Croatia - Austria 1997
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ICSID Convention - Arbitration Rules
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Addiko Bank d.d. (Croatian), Addiko Bank AG (Austrian)
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Republic of Croatia (Croatian)
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September 27, 2017
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March 19, 2018
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Campbell Alan MC LACHLAN (New Zealand) - Appointed by the Chairman of the Administrative Council
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Guido Santiago TAWIL (Argentine, Portuguese) - Appointed by the Claimant(s)
Miloš OLIK (Czech) - Appointed by the Respondent(s) -
Jean Engelmayer KALICKI (U.S.) - Appointed by the Chairman of the Administrative Council
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Guido Santiago TAWIL (Argentine, Portuguese) - Appointed by the Claimant(s)
Miloš OLIK (Czech) - Appointed by the Respondent(s) -
January 13, 2026: Campbell Alan MC LACHLAN (New Zealand) appointed following the resignation of Jean Engelmayer KALICKI (U.S.)
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King & Spalding, London, U.K. and Washington, D.C., U.S.A
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Office of the Attorney General, Zagreb, Croatia
Volterra Fietta, London, U.K. -
English
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Pending
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July 8, 2026 - July 10, 2026 -
The Tribunal holds a hearing on final oral submissions in London.
(a) Original Proceeding
Composition of Tribunal
Initial Composition of Tribunal
Party Representatives
No References Available.
(a) Original Proceeding
| Date | Development |
|---|---|
| September 27, 2017 | The Acting Secretary-General registers a request for the institution of arbitration proceedings. |
| January 4, 2018 | Following appointment by the Respondent, Miloš Olík (Czech) accepts his appointment as arbitrator. |
| January 17, 2018 | Following appointment by the Claimants, Guido S. Tawil (Argentine) accepts his appointment as arbitrator. |
| March 17, 2018 | Following appointment by the Chairman of the Administrative Council in accordance with Article 38 of the ICSID Convention, Jean E. Kalicki (U.S.) accepts her appointment as presiding arbitrator. |
| March 19, 2018 | The Tribunal is constituted in accordance with Article 37(2)(b) of the ICSID Convention. Its members are: Jean E. Kalicki (U.S.), President, appointed by the Chairman of the Administrative Council in accordance with Article 38 of the ICSID Convention; Guido Tawil (Argentine), appointed by the Claimants; and Miloš Olík (Czech), appointed by the Respondent. |
| May 7, 2018 | The Tribunal holds a first session by telephone conference. |
| May 18, 2018 | The Tribunal issues Procedural Order No. 1 concerning procedural matters. |
| September 21, 2018 | The Claimants file a memorial on the merits. |
| December 21, 2018 | A non-disputing party files an application to file a written submission pursuant to ICSID Arbitration Rule 37(2). |
| December 21, 2018 | The Respondent files a request to address an objection to jurisdiction as a preliminary question. |
| January 11, 2019 | The Claimants file observations on the request to address the objections to jurisdiction as a preliminary question. |
| January 11, 2019 | Each party files observations on the non-disputing party’s application. |
| January 21, 2019 | The Tribunal issues Procedural Order No. 2 on the non-disputing party’s application to file a written submission pursuant to ICSID Arbitration Rule 37(2) and the Respondent’s request to address an objection to jurisdiction as a preliminary question; as a result, the objection to jurisdiction is joined to the merits of the dispute. |
| January 28, 2019 | The Claimants file a request for the Tribunal to decide on production of documents. |
| February 4, 2019 | The Respondent files observations on the Claimants’ request for the Tribunal to decide on production of documents. |
| February 4, 2019 | The non-disputing party files a written submission pursuant to ICSID Arbitration Rule 37(2). |
| February 13, 2019 | The Tribunal issues Procedural Order No. 3 concerning production of documents. |
| March 22, 2019 | The Respondent files a counter-memorial on the merits and a memorial on jurisdiction. |
| March 29, 2019 | Each party files observations on one of the Respondent’s jurisdictional objections. |
| May 8, 2019 | Each party files a request for the Tribunal to decide on production of documents. |
| May 23, 2019 | The Tribunal issues Procedural Order No. 4 concerning production of documents. |
| June 7, 2019 | Each party files a response to the other party’s observations of March 29, 2019. |
| July 30, 2019 | The Tribunal holds a pre-hearing organizational meeting with the parties by telephone conference. |
| August 2, 2019 | The Tribunal issues Procedural Order No. 5 concerning the organization of the hearing. |
| August 9, 2019 | The Tribunal issues Procedural Order No. 6 concerning procedural matters. |
| August 20, 2019 - August 21, 2019 | The Tribunal holds a hearing on jurisdiction in Washington, D.C. |
| August 26, 2019 | The Tribunal issues Procedural Order No. 7 concerning the procedural calendar. |
| September 7, 2019 | The Claimants file a reply on the merits and a counter-memorial on jurisdiction. |
| October 1, 2019 | The Claimants present an ancillary claim. |
| October 7, 2019 | The Respondent files observations on the ancillary claim. |
| October 15, 2019 | The Claimants files a response to the Respondent’s observations of October 7, 2019. |
| October 18, 2019 | Each party files a post-hearing brief. |
| October 24, 2019 | The Respondent files further observations on the Claimants’ response of October 15, 2019. |
| November 4, 2019 | The Tribunal issues Procedural Order No. 8 concerning its decision on the ancillary claim. |
| November 22, 2019 | Each party files a reply post-hearing brief. |
| November 25, 2019 | The Tribunal issues Procedural Order No. 9 concerning production of documents. |
| November 27, 2019 | The Claimants file a supplement to the reply on the merits on the ancillary claim. |
| December 16, 2019 | The Tribunal issues Procedural Order No. 10 concerning production of documents. |
| December 20, 2019 | The Tribunal issues Procedural Order No. 11 concerning production of documents. |
| December 20, 2019 | Each party files a submission on costs. |
| December 30, 2019 | The Tribunal issues Procedural Order No. 12 concerning procedural matters. |
| February 22, 2020 | The Respondent files a rejoinder on the merits and a reply on jurisdiction. |
| March 9, 2020 | The Tribunal issues Procedural Order No. 13 concerning production of documents. |
| April 3, 2020 | Following exchanges between the parties, the Claimants file a request for the Tribunal to decide on production of documents. |
| April 9, 2020 | The Respondent files observations on the Claimants’ request for the Tribunal to decide on production of documents. |
| April 9, 2020 | The Claimants file a response to the Respondent’s observations of April 9, 2020. |
| April 16, 2020 | The Respondent files further observations on the request for of April 3, 2020. |
| April 19, 2020 | The Claimants file a response to the Respondent’s further observations of April 16, 2020. |
| April 23, 2020 | The Tribunal issues Procedural Order No. 14 concerning the procedural calendar. |
| April 28, 2020 | The Claimants file a rejoinder on jurisdiction. |
| May 1, 2020 | The Tribunal issues Procedural Order No. 15 concerning production of documents. |
| June 12, 2020 | The Tribunal issues a decision on an objection to jurisdiction. |
| January 27, 2021 | The Tribunal issues Procedural Order No. 16 concerning the hearing. |
| February 1, 2021 | The Tribunal holds a pre-hearing organizational meeting with the parties by video conference. |
| February 3, 2021 | The Tribunal issues Procedural Order No. 17 concerning the organization of the hearing. |
| March 1, 2021 - March 12, 2021 | The Tribunal holds a hearing on jurisdiction and the merits by video conference. |
| April 23, 2021 | The Tribunal holds a hearing on jurisdiction and the merits by video conference. |
| June 15, 2021 | The Claimants file a statement of costs. |
| June 18, 2021 | The Respondent files a statement of costs. |
| December 23, 2021 | The Respondent files a request for the Tribunal to decide on production of documents. |
| January 10, 2022 | The Claimants file observations on the Respondent’s request for the Tribunal to decide on production of documents. |
| January 24, 2022 | The Tribunal issues Procedural Order No. 18 concerning production of documents. |
| July 16, 2025 | The Respondent files a proposal for disqualification of arbitrator Jean E. Kalicki. The proceeding is suspended in accordance with ICSID Arbitration Rule 9(6). |
| July 30, 2025 | The Claimants file observations on the proposal for disqualification. |
| July 31, 2025 | The arbitrator furnishes explanations regarding the proposal for disqualification in accordance with ICSID Arbitration Rule 9(3). |
| August 7, 2025 | The Respondent files observations on the proposal for disqualification. |
| August 18, 2025 | The Claimants file further observations on the proposal for disqualification. |
| August 29, 2025 | The Respondent files further observations on the proposal for disqualification. |
| September 19, 2025 | Following the resignation of arbitrator Jean Kalicki, the Secretary-General notifies the parties of the vacancy on the Tribunal, and the proceeding is suspended pursuant to ICSID Arbitration Rule 10(2). |
| January 13, 2026 | The Tribunal is reconstituted. Its members are: Campbell McLachlan (New Zealand), President, appointed by the Chairman of the Administrative Council in accordance with ICSID Arbitration Rule 11(2); Guido Tawil (Argentine), appointed by the Claimants; and Miloš Olík (Czech), appointed by the Respondent. The proceeding is resumed pursuant to ICSID Arbitration Rule 12. |
| February 26, 2026 | The Tribunal holds a case management conference with the parties by video conference. |
| March 11, 2026 | The Tribunal issues Procedural Order No. 19 concerning the procedural calendar. |
| March 20, 2026 | The Tribunal poses questions to the parties’ experts. |
| May 5, 2026 | The parties’ experts file a joint report answering questions posed by the Tribunal on March 20, 2026. |
| June 24, 2026 | The Tribunal holds a pre-hearing organizational meeting with the parties by video conference. |
| June 25, 2026 | The Tribunal issues Procedural Order No. 20 concerning the organization of the hearing. |
| June 27, 2026 | The Respondent files a request for the Tribunal to decide on the admissibility of new evidence. |
| June 30, 2026 | The Claimant files observations on the Respondent’s request of June 27, 2026. |
| July 1, 2026 | The Respondent files a response to the Claimants’ observations of June 30, 2026. |
| July 2, 2026 | The Claimant files a rejoinder to the Respondent’s response of July 1, 2026. |
| July 6, 2026 | The Tribunal issues Procedural Order No. 21 concerning the admissibility of new evidence. |
| July 8, 2026 - July 10, 2026 | The Tribunal holds a hearing on final oral submissions in London. |

