Case Details
Alverley Investments Limited and Germen Properties Ltd v. Romania (ICSID Case No. ARB/18/30)
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Commercial real estate development
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Other Industry
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BIT Cyprus - Romania 1991
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ICSID Convention - Arbitration Rules
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Alverley Investments Limited (Cypriot), Germen Properties Ltd (Cypriot)
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Romania (Romanian)
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August 23, 2018
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March 25, 2019
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Christopher GREENWOOD (British) - Appointed by Co-Arbitrators
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Bernard HANOTIAU (Belgian) - Appointed by the Claimant(s)
Pierre MAYER (French) - Appointed by the Respondent(s) -
Roderick Cordara, London, U.K.
Emilie Gonin, London, U.K.
Quinn Emanuel Urquhart & Sullivan, New York, NY, U.S.A.
Dragne & Asociatii, Bucharest, Romania -
Hunton Andrews Kurth, Washington, D.C., U.S.A.
SCP Toader Si Asociatii, Bucharest, Romania
SCP Cobuz Si Asociatii, Bucharest, Romania -
English
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Concluded
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March 16, 2022 - 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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August 23, 2018 | The Secretary-General registers a request for the institution of arbitration proceedings. |
November 28, 2018 | Following appointment by the Claimants, Bernard Hanotiau (Belgian) accepts his appointment as arbitrator. |
January 8, 2019 | Following appointment by the Respondent, Pierre Mayer (French) accepts his appointment as arbitrator. |
January 31, 2019 | The Claimants file a request for provisional measures. |
March 25, 2019 | Following appointment by his co-arbitrators, Christopher Greenwood (British) accepts his appointment as presiding arbitrator. |
March 25, 2019 | The Tribunal is constituted in accordance with Article 37(2)(a) of the ICSID Convention. Its members are: Christopher Greenwood (British), President, appointed by his co-arbitrators; Bernard Hanotiau (Belgian), appointed by the Claimants; and Pierre Mayer (French), appointed by the Respondent. |
April 17, 2019 | A non-disputing party files an application to file a written submission pursuant to ICSID Arbitration Rule 37(2). |
April 23, 2019 | The Respondent files preliminary objections pursuant to ICSID Arbitration Rule 41(5). |
May 3, 2019 | Each party files observations on the non-disputing party’s application. |
May 3, 2019 | The Respondent files observations on the Claimants’ request for provisional measures. |
May 3, 2019 | The Respondent files a request to address the objections to jurisdiction as a preliminary question. |
May 3, 2019 | The Respondent files an application for security for costs. |
May 8, 2019 | The Tribunal holds a first session by telephone conference. |
May 10, 2019 | The Tribunal issues Procedural Order No. 1 concerning procedural matters. |
May 10, 2019 | The Tribunal issues Procedural Order No. 2 concerning the non-disputing party’s application to file a written submission pursuant to ICSID Arbitration Rule 37(2). |
May 23, 2019 | The non-disputing party files a written submission pursuant to ICSID Arbitration Rule 37(2). |
May 30, 2019 | The Claimants file observations on the Respondent’s application for security for costs. |
May 31, 2019 | The Claimants file observations on the Respondent’s preliminary objections pursuant to ICSID Arbitration Rule 41(5). |
June 13, 2019 | The Respondent files a response to the Claimants’ observations of May 30, 2019. |
June 13, 2019 | The Claimants file observations on the request to address the objections to jurisdiction as a preliminary question. |
June 14, 2019 | The Respondent files a reply on its preliminary objections pursuant to ICSID Arbitration Rule 41(5). |
June 21, 2019 | The Claimants file a response to the Respondent’s observations on the Claimants’ request for provisional measures of May 3, 2019. |
June 27, 2019 | The Respondent files a reply on its request to address the objections to jurisdiction as a preliminary question. |
June 27, 2019 | The Claimants file a response to the Respondent’s observations of June 13, 2019. |
June 28, 2019 | The Claimants file a rejoinder on the Respondent’s preliminary objections pursuant to ICSID Arbitration Rule 41(5). |
July 11, 2019 | The Claimants file a rejoinder on the request to address the objections to jurisdiction as a preliminary question. |
July 12, 2019 | The Respondent files a rejoinder on the Claimants’ request for provisional measures. |
July 12, 2019 | The President holds a pre-hearing organization meeting with the parties by telephone conference. |
July 13, 2019 | The Tribunal issues Procedural Order No. 3 concerning organization of the hearing. |
July 18, 2019 - July 19, 2019 | The Tribunal holds a hearing on provisional measures and preliminary objections pursuant to ICSID Arbitration Rule 41(5) in Paris. |
July 30, 2019 | Each party files a submission on costs. |
August 1, 2019 | The Tribunal issues a decision on the Respondent’s preliminary objections pursuant to ICSID Arbitration Rule 41(5). |
August 1, 2019 | The Tribunal issues a decision on provisional measures. |
August 1, 2019 | The Tribunal issues a decision on security for costs. |
August 1, 2019 | 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. |
August 23, 2019 | The Tribunal issues Procedural Order No. 4 concerning the procedural calendar. |
October 1, 2019 | The Tribunal issues Procedural Order No. 5 concerning the production of documents. |
October 25, 2019 | The Respondent files a memorial on jurisdiction. |
December 7, 2019 | The Claimants file a counter-memorial on jurisdiction. |
December 31, 2019 | The Tribunal issues Procedural Order No. 6 concerning procedural matters. |
January 17, 2020 | The Tribunal issues Procedural Order No. 7 concerning the production of documents. |
February 11, 2020 | The Tribunal issues Procedural Order No. 8 concerning procedural matters. |
February 20, 2020 | The Tribunal issues Procedural Order No. 9 concerning procedural matters. |
February 21, 2020 | The Respondent files a reply on jurisdiction. |
February 29, 2020 | The Tribunal issues Procedural Order No. 10 concerning procedural matters. |
March 25, 2020 | The Claimants file a rejoinder on jurisdiction. |
March 30, 2020 | The President of the Tribunal holds a pre-hearing organizational meeting with the parties by video conference. |
March 30, 2020 | The Tribunal issues Procedural Order No. 11 concerning the organization of the hearing. |
April 6, 2020 - April 8, 2020 | The Tribunal holds a hearing on jurisdiction by video conference. |
May 19, 2020 | Each party files a post-hearing brief. |
June 10, 2020 | Each party files a reply post-hearing brief. |
June 26, 2020 | Each party files a submission on costs. |
June 22, 2021 | The Claimant files a request for the Tribunal to decide on the admissibility of new evidence. |
July 2, 2021 | The Respondent files observations on the Claimant’s request of June 22, 2021. |
July 7, 2021 | The Claimant files a response to the Respondent’s observations of July 2, 2021. |
July 9, 2021 | The Respondent files comments on the Claimant’s response of July 7, 2021. |
July 12, 2021 | The Tribunal decides on the admissibility of new evidence. |
March 16, 2022 | The Tribunal declares the proceeding closed in accordance with ICSID Arbitration Rule 38(1). |
March 16, 2022 | The Tribunal renders its award. |