Case Details

Worth Capital Holdings 27 LLC v. Republic of Peru (ICSID Case No. ARB/20/51)

Subject of Dispute:

Oil and gas enterprise
Economic Sector:

Oil, Gas & Mining
Instrument(s) Invoked:

United States of America - Peru Trade Promotion Agreement (TPA)
Applicable Rules:

ICSID Convention - Arbitration Rules

(a) Original Proceeding

Claimant(s)/Nationality(ies):

Worth Capital Holdings 27 LLC (U.S.)
Respondent(s):

Republic of Peru (Peruvian)
Date Registered:

December 15, 2020
Date of Constitution of Tribunal:

August 6, 2021

Composition of Tribunal

President:

Juliet BLANCH (British) - Appointed by the Parties
Arbitrators:

Horacio A. GRIGERA NAÓN (Argentine) - Appointed by the Claimant(s)
Rolf KNIEPER (German) - Appointed by the Respondent(s)

Party Representatives

Respondent(s):

Comisión Especial que Representa a la República del Perú en Controversias Internacionales de Inversión, Lima, Peru
Arnold & Porter Kaye Scholer, Washington D.C., U.S.A. and London, U.K.
Language(s) of Proceeding:

English,Spanish
Status of Proceeding:

Concluded
Outcome of Proceeding:

December 8, 2023 - The Tribunal issues a procedural order taking note of the discontinuance of the proceeding pursuant to ICSID Arbitration Rule 44 and a decision on costs.

(a) Original Proceeding

Published Decisions

Claimant’s Notice of Intent to Commence Arbitration (English;)

Claimant’s Notice of Arbitration (English;)

Procedural Order No. 1 (English;)

Claimant’s Memorial (English;)

Republic of Peru’s Memorial on Jurisdiction and Counter Memorial on Merits (English;)

(a) Original Proceeding

Date	Development
December 15, 2020	The Secretary-General registers a request for the institution of arbitration proceedings.
February 9, 2021	Following appointment by the Claimant, Horacio Grigera Naón (Argentine) accepts his appointment as arbitrator.
February 9, 2021	Following appointment by the Respondent, Rolf Knieper (German) accepts his appointment as arbitrator.
August 6, 2021	Following appointment by agreement of the parties, Juliet Blanch (U.K.) accepts her appointment as presiding arbitrator.
August 6, 2021	The Tribunal is constituted in accordance with Article 37(2)(a) of the ICSID Convention. Its members are: Juliet Blanch (U.K.), President, appointed by agreement of the parties; Horacio Grigera Naón (Argentine), appointed by the Claimant; and Rolf Knieper (German), appointed by the Respondent.
September 14, 2021	The Tribunal holds a first session by video conference.
September 30, 2021	The Tribunal issues Procedural Order No. 1 concerning procedural matters.
March 25, 2022	The Claimant files a memorial on jurisdiction and the merits.
October 3, 2022	The Respondent files a memorial on jurisdiction and a counter-memorial on the merits.
December 16, 2022	Following exchanges between the parties, the parties file a request for the Tribunal to decide on production of documents.
January 6, 2023	The Tribunal issues Procedural Order No. 2 concerning production of documents.
May 29, 2023	The Tribunal issues Procedural Order No. 3 concerning the procedural calendar.
July 11, 2023	Respondent files a request for the discontinuance of the proceeding pursuant to ICSID Arbitration Rule 44.
December 8, 2023	The Tribunal issues a procedural order taking note of the discontinuance of the proceeding pursuant to ICSID Arbitration Rule 44 and a decision on costs.