Case Details

Anglo-Adriatic Group Limited v. Republic of Albania (ICSID Case No. ARB/17/6)

Subject of Dispute:

Privatization vouchers
Economic Sector:

Other Industry
Instrument(s) Invoked:

Albanian Law 7764 "On Foreign Investment" as amended by Law 10316
Applicable Rules:

ICSID Convention - Arbitration Rules

(a) Original Proceeding

Claimant(s)/Nationality(ies):

Anglo-Adriatic Group Limited (British)
Respondent(s):

Republic of Albania (Albanian)
Date Registered:

February 17, 2017
Date of Constitution of Tribunal:

July 21, 2017

Composition of Tribunal

President:

Juan FERNÁNDEZ-ARMESTO (Spanish) - Appointed by Co-Arbitrators
Arbitrators:

Georg VON SEGESSER (Swiss) - Appointed by the Claimant(s)
Brigitte STERN (French) - Appointed by the Respondent(s)

Party Representatives

Claimant(s):

Kerres Rechtsanwalts GmbH, Vienna, Austria
Respondent(s):

State Advocate General of the Republic of Albania, Tirana, Albania
Freshfields Bruckhaus Deringer, Vienna
Frankfurt am Main, Germany
Kalo & Associates, Tirana, Albania
Status of Proceeding:

Concluded
Outcome of Proceeding:

February 7, 2019 - The Tribunal renders its award.

(a) Original Proceeding

Published Decisions

Award of the Tribunal (English;)

(a) Original Proceeding

Date	Development
February 17, 2017	The Secretary-General registers a request for the institution of arbitration proceedings.
June 14, 2017	Following appointment by the Claimant, Georg von Segesser (Swiss) accepts his appointment as arbitrator.
June 19, 2017	Following appointment by the Respondent, Brigitte Stern (French) accepts her appointment as arbitrator.
July 21, 2017	Following appointment by his co-arbitrators, Juan Fernández-Armesto (Spanish) accepts his appointment as presiding arbitrator.
July 21, 2017	The Tribunal is constituted in accordance with Article 37(2)(a) of the ICSID Convention. Its members are: Juan Fernández-Armesto (Spanish), President, appointed by his co-arbitrators; Georg von Segesser (Swiss), appointed by the Claimant; and Brigitte Stern (French), appointed by the Respondent.
October 16, 2017	The Tribunal holds a first session by telephone conference.
November 2, 2017	The Tribunal issues Procedural Order No. 1 concerning procedural matters.
December 1, 2017	The Claimant files a memorial on the merits.
January 9, 2018	The Respondent files a request to address the objections to jurisdiction as a preliminary question.
February 16, 2018	The Claimant files observations on the request to address the objections to jurisdiction as a preliminary question.
March 8, 2018	The Tribunal issues a decision on the Respondent’s request to address the objections to jurisdiction as a preliminary question; as a result, the proceeding on the merits is suspended.
April 17, 2018	The Respondent files a memorial on jurisdiction.
April 30, 2018	The Respondent files an application for security for costs.
May 16, 2018	The Claimant files observations on the Respondent’s application for security for costs.
May 17, 2018	The Respondent files a request for the Tribunal to decide on the admissibility of new evidence.
May 24, 2018	The Claimant files observations on the Respondent’s request of May 17, 2018.
May 28, 2018	The Claimant files a counter-memorial on jurisdiction.
June 5, 2018	The Tribunal issues a decision on security for costs.
June 11, 2018	The Respondent files a reply on jurisdiction.
June 25, 2018	The Claimant files a rejoinder on jurisdiction.
July 4, 2018	The President holds a pre-hearing organizational meeting with the parties by telephone conference.
July 9, 2018	The Tribunal issues Procedural Order No. 2 concerning the admissibility of new evidence.
July 12, 2018	The Tribunal issues Procedural Order No. 3 concerning procedural matters.
July 17, 2018 - July 19, 2018	The Tribunal holds a hearing on jurisdiction in Paris.
August 31, 2018	Each party files a post-hearing brief.
September 3, 2018	Each party files a statement of costs.
February 7, 2019	The Tribunal renders its award.