Case Details

The Lopez-Goyne Family Trust and others v. Republic of Nicaragua (ICSID Case No. ARB/17/44)

Subject of Dispute:

Hydrocarbons concession
Economic Sector:

Oil, Gas & Mining
Instrument(s) Invoked:

CAFTA-DR (Dominican Republic-Central America Free Trade Agreement)
Applicable Rules:

ICSID Convention - Arbitration Rules

(a) Original Proceeding

Claimant(s)/Nationality(ies):

The Lopez-Goyne Family Trust (U.S.), David Michael Goyne (U.S.), Esther Valentina Goyne (U.S.), Janet A. Bochnowski (U.S.), David A. Barish (U.S.), Gale Ruth Feuer Barnish (U.S.), James Douglas Goyne (U.S.), Raymond Gerald (U.S.), Bailey (U.S.), Anita Mejarito-Guzman Ross (U.S.), Elsbeth Irene Foster (U.S.), The Goyne Family Trust (U.S.), Scott Stuart Shogreen (U.S.), Eloisa Lopez Schogreen (U.S.), Harold Orris Shattuck (U.S.), Diane Elizabeth Radu (U.S.), Walter John Bilger (U.S.), The Bochnowski Family Trust (U.S.), The Barnish Family Trust of 2008 (U.S.), Hill Exploration Corporation (U.S.), LG Hawaii Oil & Gas, Inc. (U.S.), LG Hawaii Development Corporation (U.S.), Michael David Goyne (U.S.), Emily Lopez Goyne (U.S.)
Date Registered:

December 19, 2017
Date of Constitution of Tribunal:

June 19, 2019

Composition of Tribunal

President:

Luca G. RADICATI DI BROZOLO (British, Italian) - Appointed by the Parties
Arbitrators:

José A. MARTÍNEZ DE HOZ (Argentine) - Appointed by the Claimant(s)
Brigitte STERN (French) - Appointed by the Respondent(s)

Party Representatives

Claimant(s):

Dechamps, London, U.K.
Tariq Baloch, London, U.K.
Respondent(s):

Ministerio de Fomento, Industria y Comercio, Managua, Nicaragua
Foley Hoag, Washington, D.C., U.S.A
Language(s) of Proceeding:

English,Spanish
Status of Proceeding:

Pending
Latest Development:

February 22, 2021 - The Claimants file a reply on the merits, a counter-memorial on the counter-claim and objection to jurisdiction.

(a) Original Proceeding

Published Decisions

Procedural Order No. 2

Procedural Order No. 1 (Amended)

Available on the ICSID Website

Procedural Order No. 2 (November 13, 2020) English (Original)

Procedural Order No. 1 (Amended) (February 18, 2021) English (Original); Spanish (Original)

(a) Original Proceeding

Date	Development
December 19, 2017	The Secretary-General registers a request for the institution of arbitration proceedings.
January 10, 2018	Following appointment by the Respondent, Brigitte Stern (French) accepts her appointment as arbitrator.
January 10, 2018	Following appointment by the Claimants, José Martínez de Hoz (Argentine) accepts his appointment as arbitrator.
June 19, 2019	Following appointment by agreement of the parties, Luca G. Radicati di Brozolo (Italian/British), accepts his appointment as presiding arbitrator.
June 19, 2019	The Tribunal is constituted in accordance with Article 37(2)(a) of the ICSID Convention. Its members are: Luca G. Radicati di Brozolo (Italian/British), President, appointed by agreement of the parties; José Martínez de Hoz (Argentine) appointed by the Claimant; and Brigitte Stern (French), appointed by the Respondent.
July 18, 2019	The Tribunal holds a first session by telephone conference.
August 6, 2019	The Tribunal issues Procedural Order No. 1 concerning procedural matters.
January 10, 2020	The Claimants file a memorial on the merits.
August 26, 2020	The Respondent files a counter-memorial on the merits, including a counter-claim and an objection to jurisdiction.
October 30, 2020	Following exchanges between the parties, each party files a request for the Tribunal to decide on production of documents.
November 13, 2020	The Tribunal issues Procedural Order No. 2 concerning production of documents.
February 22, 2021	The Claimants file a reply on the merits, a counter-memorial on the counter-claim and objection to jurisdiction.