The Secretary-General registers a request for the institution of arbitration proceedings. 

Following appointment by the Claimant, Kaj Hobér (Swedish) accepts his appointment as arbitrator.

Following appointment by the Respondent, Raúl E. Vinuesa (Argentine/Spanish) accepts his appointment as arbitrator.

Following appointment by agreement of the parties, Jonathan Mance (British) accepts his appointment as presiding arbitrator.

The Tribunal is constituted in accordance with Article 37(2)(a) of the ICSID Convention.  Its members are: Jonathan Mance (British), President, appointed by agreement of the parties; Kaj Hobér (Swedish), appointed by the Claimant; and Raúl E. Vinuesa (Argentine/Spanish), appointed by the Respondent.

The Tribunal holds a first session by video conference.

The Tribunal issues Procedural Order No. 1 concerning procedural matters. 

The Claimant files a memorial on the merits.

The  Respondent files a request to address the objections to jurisdiction as a preliminary question.

The Claimant files observations on the request to address the objections to jurisdiction as a preliminary question.

The Respondent files a reply on the request to address the objections to jurisdiction as a preliminary question.

The Claimant files a rejoinder on the request to address the objections to jurisdiction as a preliminary question.

The Tribunal issues Procedural Order No. 2 concerning the Respondent’s request to address the objections to jurisdiction as a preliminary question; as a result, the proceeding on the merits is suspended.

The Tribunal issues Procedural Order No. 3 concerning the procedural calendar.

The Claimant files a counter-memorial on preliminary objections.

The Respondent files a reply on preliminary objections.

The Claimant files a rejoinder on preliminary objections.

The Tribunal issues Procedural Order No. 4 concerning the organization of the hearing. 

The Tribunal holds a hearing on jurisdiction in London.

Each party files a submission on costs. 

The Tribunal issues a decision on preliminary objections; attached to the decision is a concurring opinion by arbitrator Raúl E. Vinuesa. 

The Respondent files a counter-memorial on the merits.

Following exchanges between the parties, each party files a request for the Tribunal to decide on production of documents.

The Tribunal issues Procedural Order No. 5 concerning production of documents.

The Tribunal issues Procedural Order No. 6 concerning production of documents.

The Claimant files a reply on the merits.

The Respondent files a rejoinder on the merits.

The Claimant files a request for the exclusion of evidence.

The Respondent files observations to the Claimant’s request of August 7, 2024.

A non-disputing party files an application to file a written submission pursuant to ICSID Arbitration Rule 37(2).

The Respondent files observations on the non-disputing party’s application.

The Claimant files observations on the non-disputing party’s application.

The Tribunal issues a procedural order No. 7 concerning the exclusion of evidence.

The non-disputing party files a response to the parties’ observations.

The Respondent files a request for the Tribunal to decide on the admissibility of new evidence.

The Claimant files observations on the Respondent’s request of November 29, 2024.

The Respondent files a response to the Claimant’s observations of December 20, 2024.

The Tribunal decides on the Respondent’s request of November 29, 2024.

The Respondent files a request for the exclusion of evidence.

The Tribunal issues Procedural Order No. 9 concerning the non-disputing party’s application to file a written submission pursuant to ICSID Arbitration Rule 37(2).

The Claimant files observations to the Respondent’s request of February 20, 2025.

The Respondent files a response to the Claimant’s observations of March 6, 2025.

The Tribunal issues Procedural Order No. 10 concerning the admissibility of new evidence.

The Respondent files a request for the Tribunal to decide on the admissibility of new evidence.

The Claimant files observations on the Respondent’s request of April 2, 2025.

The Tribunal holds a pre-hearing organizational meeting with the parties by video conference. 

The Tribunal issues Procedural Order No. 8 concerning the organization of the hearing.

The Tribunal decides on the Respondent’s request of April 2, 2025.

The Tribunal holds a hearing on the merits in The Hague.

Each party files a post-hearing brief.

The Respondent files a request for the Tribunal to decide on the admissibility of new evidence.

The Claimant files observations on the Respondent’s request of August 12, 2025.

Each party files a reply post-hearing brief.

The Tribunal decides on the Respondent’s request of August 12, 2025.

Each party files a submission on costs.

The Respondent files a request for the Tribunal to decide on the admissibility of new evidence.

The Claimant files observations on the Respondent’s request of December 5, 2025.

The Tribunal decides on the Respondent’s request of December 5, 2025.

The Tribunal declares the proceeding closed in accordance with ICSID Arbitration Rule 38(1).

Each party files an updated submission on costs.

The Tribunal renders its award.