Case Details

Oļegs Roščins v. Republic of Lithuania (ICSID Case No. ARB/18/37)

Subject of Dispute:

Bank deposits
Economic Sector:

Finance
Instrument(s) Invoked:

BIT Latvia - Lithuania 1996
Applicable Rules:

ICSID Convention - Arbitration Rules

(a) Original Proceeding

Claimant(s)/Nationality(ies):

Olegs Rošcins (Latvian)
Respondent(s):

Republic of Lithuania (Lithuanian)
Date Registered:

October 16, 2018
Date of Constitution of Tribunal:

February 15, 2019

Composition of Tribunal

President:

Lawrence BOO (Singaporean) - Appointed by the Parties
Arbitrators:

Isabelle COUTANT PEYRE (French) - Appointed by the Claimant(s)
David A. PAWLAK (Irish, U.S.) - Appointed by the Respondent(s)

Party Representatives

Claimant(s):

Stanislovas Tomas, Monaco, Principality of Monaco
Respondent(s):

Ministry of Justice, Vilnius, Republic of Lithuania
Volterra Fietta, London, U.K.
Ellex Valiunas, Vilnius, Republic of Lithuania
Status of Proceeding:

Concluded
Outcome of Proceeding:

November 5, 2019 - The Tribunal issues an order taking note of the discontinuance of the proceeding pursuant to ICSID Administrative and Financial Regulation 14(3)(d).

No References Available.

(a) Original Proceeding

Date	Development
October 16, 2018	The Acting Secretary-General registers a request for the institution of arbitration proceedings.
January 21, 2019	Following appointment by the Claimant, Isabelle Coutant Peyre (French) accepts her appointment as arbitrator.
February 4, 2019	Following appointment by the Respondent, David A. Pawlak (Irish/U.S.) accepts his appointment as arbitrator.
February 14, 2019	Following appointment by the parties, Lawrence Boo (Singaporean) accepts his appointment as presiding arbitrator.
February 15, 2019	The Tribunal is constituted in accordance with Article 37(2)(b) of the ICSID Convention. Its members are: Lawrence Boo (Singaporean) President, appointed by the parties; Isabelle Coutant Peyre (French), appointed by the Claimant; and David A. Pawlak (Irish/U.S.), appointed by the Respondent.
March 12, 2019	A non-disputing party files an application to file a written submission pursuant to ICSID Arbitration Rule 37(2).
March 18, 2019	The Respondent files preliminary objections pursuant to ICSID Arbitration Rule 41(5).
March 25, 2019	The Respondent files observations on the non-disputing party’s application.
April 1, 2019	The Claimant files observations on the non-disputing party’s application.
April 12, 2019	The Secretary-General moves that the Tribunal stay the proceeding pursuant to ICSID Administrative and Financial Regulation 14(3)(d).
April 12, 2019	The proceeding is stayed for non-payment of the required advances pursuant to ICSID Administrative and Financial Regulation 14(3)(d).
October 24, 2019	The Secretary-General moves that the Tribunal discontinue the proceeding for lack of payment of the required advances, pursuant to ICSID Administrative and Financial Regulation 14(3)(d).
November 5, 2019	The Tribunal issues an order taking note of the discontinuance of the proceeding pursuant to ICSID Administrative and Financial Regulation 14(3)(d).