Case Details
Bank of Cyprus Public Company Limited v. Hellenic Republic (ICSID Case No. ARB/17/4)
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Debt instruments and banking services
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Finance
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BIT Cyprus - Greece 1992
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ICSID Convention - Arbitration Rules
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Bank of Cyprus Public Company Limited (Cypriot)
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Hellenic Republic (Greek)
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February 2, 2017
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August 7, 2017
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Lawrence COLLINS (British) - Appointed by Co-Arbitrators
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L. Yves FORTIER (Canadian) - Appointed by the Claimant(s)
Daniel BETHLEHEM (British) - Appointed by the Respondent(s) -
Chryssafinis & Polyviou, Nicosia, Cyprus
Joseph Hage Aaronson, London, U.K. -
Cleary Gottlieb Steen & Hamilton, Paris, France and London, U.K.
Legal Council of the State, Athens, Greece -
English
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Concluded
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April 17, 2020 - The Tribunal issues a procedural order taking note of the discontinuance of the proceeding pursuant to ICSID Arbitration Rule 43(1).
(a) Original Proceeding
Composition of Tribunal
Party Representatives
No References Available.
(a) Original Proceeding
Date | Development |
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February 2, 2017 | The Secretary-General registers a request for the institution of arbitration proceedings. |
May 4, 2017 | Following appointment by the Claimant, L. Yves Fortier (Canadian) accepts his appointment as arbitrator. |
May 30, 2017 | Following appointment by the Respondent, Daniel Bethlehem (British) accepts his appointment as arbitrator. |
August 7, 2017 | Following appointment by his co-arbitrators, Lawrence Collins (British) accepts his appointment as presiding arbitrator. |
August 7, 2017 | The Tribunal is constituted in accordance with Article 37(2)(a) of the ICSID Convention. Its members are: Lawrence Collins (British), President, appointed by his co-arbitrators; Yves Fortier (Canadian), appointed by the Claimants; and Daniel Bethlehem (British), appointed by the Respondent. |
October 23, 2017 | The Tribunal holds a first session by telephone conference. |
November 9, 2017 | The Tribunal issues Procedural Order No. 1 concerning procedural matters. |
February 20, 2018 | The Claimant files a memorial on the merits. |
April 10, 2018 | The Respondent files a request for the Tribunal to decide on confidentiality of evidence. |
April 13, 2018 | The Claimant file observations on the Respondent’s request of April 10, 2018. |
April 23, 2018 | The Respondent files a response to the Claimant’s observations of April 13, 2018. |
May 4, 2018 | The Claimant files further observations on the Respondent’s response of April 23, 2018. |
May 11, 2018 | The Tribunal issues Procedural Order No. 2 concerning the confidentiality of evidence. |
June 20, 2018 | The Respondent files a counter-memorial on preliminary objections and liability. |
June 20, 2018 | The Respondent files a request to address certain objections to jurisdiction as a preliminary question. |
June 26, 2018 | The Claimant files observations on the request to address certain objections to jurisdiction as a preliminary question. |
August 2, 2018 | The Tribunal approves the parties’ agreement to address certain objections to jurisdiction as a preliminary question; as a result, the proceeding on the merits is suspended. |
August 31, 2018 | The Claimant files observations on the Respondent’s jurisdictional objection. |
September 21, 2018 | A non-disputing party files an application to file a written submission pursuant to ICSID Arbitration Rule 37(2). |
October 1, 2018 | The Respondent files observations on the non-disputing party’s application. |
October 4, 2018 | The Claimant files observations on the non-disputing party’s application. |
October 15, 2018 | The Tribunal issues Procedural Order No. 3 concerning the non-disputing party’s application to file a written submission pursuant to ICSID Arbitration Rule 37(2). |
October 19, 2018 | The Respondent files a response to the Claimant’s observations of August 31, 2018. |
October 22, 2018 | The non-disputing party files a written submission pursuant to ICSID Arbitration Rule 37(2). |
November 12, 2018 | Each party files observations on the non-disputing party’s written submission. |
November 16, 2018 | The Claimant files a response to the Respondent’s observations of October 19, 2018. |
December 12, 2018 | The Tribunal holds a hearing regarding the Respondent’s jurisdictional objection in Zurich. |
January 14, 2019 | Each party files a statement of costs. |
June 20, 2019 | The Tribunal issues a decision on the Respondent’s jurisdictional objection. |
April 9, 2020 | The parties file a request for the discontinuance of the proceeding pursuant to ICSID Arbitration Rule 43(1). |
April 17, 2020 | The Tribunal issues a procedural order taking note of the discontinuance of the proceeding pursuant to ICSID Arbitration Rule 43(1). |