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

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

Following appointment by the Claimants, Stanimir A. Alexandrov (Bulgarian) accepts his appointment as arbitrator.

Following appointment by his co-arbitrators, Juan Fernández-Armesto (Spanish) accepts his appointment as presiding arbitrator.

The Tribunal is constituted in accordance with Article 37(2)(a) of the ICSID Convention.  Its members are: Juan Fernández-Armesto (Spanish), President, appointed by his co-arbitrators; Stanimir A. Alexandrov (Bulgarian), appointed by the Claimant; and Raul E. Vinuesa (Argentine/Spanish), appointed by the Respondent.

The Tribunal holds a first session by videoconference.

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

The Tribunal issues Procedural Order No. 2 concerning production of document.

The Claimants file a memorial on the merits. 

The Tribunal holds a case management conference with the parties by video conference.

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

The Tribunal issues Procedural Order No. 3 concerning the confidentiality of documents.

The Claimants file observations on the Respondent’s request to address the objections to jurisdiction as a preliminary question.

The Respondent files further observations on its request to address the objections to jurisdiction as a preliminary question.

The Claimants file further observations on the Respondent’s request to address the objections to jurisdiction as a preliminary question.

The Tribunal issues Procedural Order No. 4 concerning the Respondent’s request to address the objections to jurisdiction as a preliminary question; as a result, the objections to jurisdiction is joined to the merits of the dispute.

The Tribunal holds a case management conference with the parties by video conference.

The Tribunal issues Procedural Order No. 5 on confidentiality of information.

The Respondent files a counter-memorial on the merits and memorial on jurisdiction. 

The Tribunal issues a decision on the parties’ requests for document production.

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

The Claimants file a reply memorial on the merits and a counter-memorial on jurisdiction. 

The Tribunal holds a case management conference with the parties by videoconference. 

The Tribunal issues Procedural Order No. 7 concerning production of documents. 

The Respondent files a request to strike ancillary claims introduced in the Claimants' reply memorial of November 14, 2022.

Non-disputing parties file an application to file a written submission pursuant to ICSID Arbitration Rule 37(2).

The Claimants file observations on the Respondent’s request of December 23, 2022.

Each party files observations on the non-disputing parties’ application.

The Respondent files a response to the Claimants’ observations of January 6, 2023.

The Claimants file further observations on the non-disputing parties’ application.

The Claimants file further observations on the Respondent’s response of January 19, 2023.

The Respondent files further observations on the non-disputing parties’ application.

The Tribunal issues Procedural Order No. 8 concerning the Respondent’s request of December 23, 2022 and sets a new procedural calendar for the ancillary claims.

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

The Tribunal issues Procedural Order No. 10 concerning the procedural calendar. 

The non-disputing parties file a written submission pursuant to ICSID Arbitration Rule 37(2).

The Respondent files a rejoinder on the merits and reply on jurisdiction.

The Claimants file an additional submission to address the ancillary claims.

The Respondent files an additional submission to address the ancillary claims. 

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

The Respondent files an expert report related to its submission of June 7, 2023.

The Tribunal issues Procedural Order No. 11 concerning the organization of the hearing.

The Tribunal holds a hearing on jurisdiction and the merits in London.

The Tribunal issues Procedural Order No. 12 concerning procedural matters.

Each party files a post-hearing brief.

The Tribunal issues Procedural Order No. 13 concerning procedural matters.

Each party files a reply post-hearing brief.

Each party files a submission on costs.

The proceeding is suspended until December 24, 2024, pursuant to the parties’ agreement.

The suspension of the proceeding is extended until February 7, 2025, pursuant to the parties’ agreement.

The suspension of the proceeding is further extended until February 14, 2025 pursuant to the parties’ agreement.

The proceeding is resumed.

The Tribunal renders its award embodying the parties’ settlement agreement, pursuant to ICSID Arbitration Rule 43(2).