Case Details

GBM Global, S.A. de C.V., Fondo de Inversión de Renta Variable and others v. Kingdom of Spain (ICSID Case No. ARB/18/33)

Subject of Dispute:

Shares and bonds
Economic Sector:

Finance
Instrument(s) Invoked:

BIT Spain - Mexico 2006
Applicable Rules:

ICSID Convention - Arbitration Rules

(a) Original Proceeding

Claimant(s)/Nationality(ies):

GBM Global, S.A. de C. V. Fondo de Inversión de Renta Variable (Mexican), Abraham Abadi Tawil (Mexican), Alejandra Pérez Mina (Mexican), Alejandro Finkler Kudler (Mexican), Alejandra Rojas Velasco (Mexican)
See attached full list of Claimants
Respondent(s):

Kingdom of Spain (Spanish)
Date Registered:

October 4, 2018

Party Representatives

Claimant(s):

Kirkland & Ellis, New York, NY, U.S.A.
Respondent(s):

Abogacía General del Estado, The Ministry of Justice of the Government of Spain, Madrid, Spain
Status of Proceeding:

Concluded
Outcome of Proceeding:

June 27, 2019 - The Secretary-General issues an order taking note of the discontinuance of the proceeding pursuant to ICSID Arbitration Rule 44.

No References Available.

(a) Original Proceeding

Date	Development
October 4, 2018	The Secretary-General registers a request for the institution of arbitration proceedings.
November 1, 2018	Following appointment by the Claimants, William W. Park (U.S./Swiss) accepts his appointment as arbitrator.
January 24, 2019	Following appointment by the Respondent, William Blair (British) accepts his appointment as arbitrator.
June 24, 2019	The parties file a request for the discontinuance of the proceeding pursuant to ICSID Arbitration Rule 44.
June 27, 2019	The Secretary-General issues an order taking note of the discontinuance of the proceeding pursuant to ICSID Arbitration Rule 44.