Case Details

Petroceltic Holdings Limited and Petroceltic Resources Limited v. Arab Republic of Egypt (ICSID Case No. ARB/19/7)

Subject of Dispute:

Hydrocarbon concession
Economic Sector:

Oil, Gas & Mining
Instrument(s) Invoked:

BIT Egypt, Arab Republic of - United Kingdom of Great Britain and Northern Ireland 1975
Applicable Rules:

ICSID Convention - Arbitration Rules

(a) Original Proceeding

Claimant(s)/Nationality(ies):

Petroceltic Holdings Limited and Petroceltic Resources Limited (British)
Respondent(s):

Arab Republic of Egypt (Egyptian)
Date Registered:

April 4, 2019
Date of Constitution of Tribunal:

December 6, 2019

Composition of Tribunal

President:

Ian BINNIE (Canadian) - Appointed by the Parties
Arbitrators:

Charles PONCET (Swiss) - Appointed by the Claimant(s)
Brigitte STERN (French) - Appointed by the Respondent(s)

Party Representatives

Claimant(s):

Thompson & Knight, Dallas, TX, U.S.A.
Respondent(s):

Egyptian State Lawsuits Authority, Giza, Arab Republic of Egypt
Language(s) of Proceeding:

English
Status of Proceeding:

Concluded
Outcome of Proceeding:

September 15, 2020 - The Tribunal issues an order taking note of the discontinuance of the proceeding pursuant to ICSID Arbitration Rule 43(1).

(a) Original Proceeding

Published Decisions

Order Taking Note of the Discontinuance of the Proceeding

Available on the ICSID Website

Order Taking Note of the Discontinuance of the Proceeding (September 15, 2020) English (Original)

(a) Original Proceeding

Date	Development
April 4, 2019	The Acting Secretary-General registers a request for the institution of arbitration proceedings.
September 5, 2019	Following appointment by the Respondent, Brigitte Stern (French) accepts her appointment as arbitrator.
September 6, 2019	Following appointment by the Claimants, Charles Poncet (Swiss) accepts his appointment as arbitrator.
December 6, 2019	The Tribunal is constituted in accordance with Article 37(2)(b) of the ICSID Convention. Its members are: Ian Binnie (Canadian), President, appointed by agreement of the parties; Charles Poncet (Swiss), appointed by the Claimants; and Brigitte Stern (French), appointed by the Respondent.
December 6, 2019	Following appointment by agreement of the parties, Ian Binnie (Canadian) accepts his appointment as presiding arbitrator.
December 10, 2019	The Claimants file a proposal for disqualification of arbitrator Brigitte Stern. The proceeding is suspended in accordance with ICSID Arbitration Rule 9(6).
January 2, 2020	The Respondent files observations on the proposal for disqualification.
January 8, 2020	The arbitrator furnishes explanations regarding the proposal for disqualification in accordance with ICSID Arbitration Rule 9(3).
January 29, 2020	Each party files further observations on the proposal for disqualification.
March 5, 2020	The proceeding is suspended until June 3, 2020, pursuant to the parties’ agreement.
June 4, 2020	The proposal for disqualification of arbitrator Brigitte Stern is declined by the co-arbitrators. The proceeding is resumed pursuant to ICSID Arbitration Rule 9(6).
June 8, 2020	The suspension of the proceeding is extended until September 8, 2020, pursuant to the parties’ agreement.
September 8, 2020	The parties file a request for the discontinuance of the proceeding pursuant to ICSID Arbitration Rule 43(1).
September 15, 2020	The Tribunal issues an order taking note of the discontinuance of the proceeding pursuant to ICSID Arbitration Rule 43(1).