Case Details

True Blue Development Limited and others v. Grenada (ICSID Case No. ARB/21/37)

Subject of Dispute:

Construction of luxury hotel complex
Economic Sector:

Tourism
Instrument(s) Invoked:

BIT United States of America - Grenada 1986
Applicable Rules:

ICSID Convention - Arbitration Rules

(a) Original Proceeding

Claimant(s)/Nationality(ies):

True Blue Development Limited (Grenadian), True Blue Services Limited (Grenadian), True Blue Management Limited (Grenadian), Polar Palms LLC (U.S.), Circle Park Holdings LLC (U.S.)
Respondent(s):

Grenada (Grenadian)
Date Registered:

July 9, 2021
Date of Constitution of Tribunal:

November 19, 2021

Composition of Tribunal

President:

Wendy J. MILES (New Zealand) - Appointed by the Parties
Arbitrators:

Horacio A. GRIGERA NAÓN (Argentine) - Appointed by the Claimant(s)
David S. BERRY (Canadian, U.S.) - Appointed by the Respondent(s)

Party Representatives

Claimant(s):

Baker & Hostetler, Washington, D.C. and New York, NY, U.S.A
Respondent(s):

Volterra Fietta, London, U.K.
Ministry of Finance of Grenada, St. George’s, Grenada
Prime Minister’s Office of Grenada, St. George’s, Grenada
Ministry of National Security, Youth Development & Home Affairs of Grenada, St. George’s, Grenada
Ministry of Finance of Grenada, St. George’s, Grenada
Ministry of Foreign Affairs, International Business and CARICOM Affairs of Grenada, St. George’s, Grenada
Ministry of Foreign Affairs of Grenada, St. George’s, Grenada
Ministry of Legal Affairs of Grenada, St. George’s, Grenada
Language(s) of Proceeding:

English
Status of Proceeding:

Concluded
Outcome of Proceeding:

September 6, 2023 -
The Tribunal issues a procedural order taking note of the discontinuance of the proceeding pursuant to ICSID Arbitration Rule 43(1).

(a) Original Proceeding

Published Decisions

Order Discontinuing the Proceeding

Available on the ICSID Website

Order Discontinuing the Proceeding (September 6, 2023) English (Original)

(a) Original Proceeding

Date	Development
July 9, 2021	The Secretary-General registers a request for the institution of arbitration proceedings.
October 5, 2021	Following appointment by the Claimants, Horacio Grigera Naón (Argentine) accepts his appointment as arbitrator.
October 26, 2021	Following appointment by the Respondent, David S. Berry (U.S., Canadian) accepts his appointment as arbitrator.
November 19, 2021	Following appointment by agreement of the parties, Wendy Miles (New Zealand) accepts her appointment as presiding arbitrator.
November 19, 2021	The Tribunal is constituted in accordance with Article 37(2)(b) of the ICSID Convention. Its members are: Wendy Miles (New Zealand), President, appointed by agreement of the parties; Horacio A. Grigera Naón (Argentina), appointed by the Claimants; and David Berry (Canada/US), appointed by the Respondent.
January 13, 2022	The Tribunal holds a first session by video conference.
March 2, 2022	The Tribunal issues Procedural Order No. 1 concerning procedural matters.
July 1, 2022	The Claimants file a memorial on the merits.
November 1, 2022	The Respondent files a request to address the objections to jurisdiction as a preliminary question.
December 28, 2022	The Claimants file observations on the request to address the objections to jurisdiction as a preliminary question.
January 27, 2023	The Tribunal issues Procedural Order No. 2 on the request to address the objections to jurisdiction as a preliminary question.
June 30, 2023	The Respondent files a counter-memorial on the merits and a memorial on jurisdiction.
September 6, 2023	The Tribunal issues a procedural order taking note of the discontinuance of the proceeding pursuant to ICSID Arbitration Rule 43(1).