Case Details

SREW N.V. v. Ukraine (ICSID Case No. ARB/21/52)

Subject of Dispute:

Renewable energy generation enterprise
Economic Sector:

Electric Power & Other Energy
Instrument(s) Invoked:

BIT Belgium-Luxembourg - Ukraine 1996
Applicable Rules:

ICSID Convention - Arbitration Rules

(a) Original Proceeding

Claimant(s)/Nationality(ies):

SREW N.V. (Belgian)
Respondent(s):

Ukraine (Ukrainian)
Date Registered:

October 28, 2021
Date of Constitution of Tribunal:

January 18, 2022

Composition of Tribunal

President:

Juan FERNÁNDEZ-ARMESTO (Spanish) - Appointed by Co-Arbitrators
Arbitrators:

Stanimir A. ALEXANDROV (Bulgarian) - Appointed by the Claimant(s)
Jean Engelmayer KALICKI (U.S.) - Appointed by the Respondent(s)

Party Representatives

Claimant(s):

AKG ADVISORY, Vienna, Austria
Respondent(s):

Ministry of Justice, Kiev, Ukraine
Foley Hoag, Washington D.C., U.S.A.
Language(s) of Proceeding:

English
Status of Proceeding:

Concluded
Outcome of Proceeding:

July 19, 2024 - The Secretary-General issues an order taking note of the discontinuance of the proceeding pursuant to ICSID Administrative and Financial Regulation 16(2)(c).

No References Available.

(a) Original Proceeding

Date	Development
October 28, 2021	The Secretary-General registers a request for the institution of arbitration proceedings.
December 17, 2021	Following appointment by the Respondent, Jean Kalicki (U.S.) accepts her appointment as arbitrator.
December 17, 2021	Following appointment by the Claimant, Stanimir A. Alexandrov (Bulgarian) accepts his appointment as arbitrator.
January 18, 2022	Following appointment by the co-arbitrators pursuant to the parties' agreement, Juan Fernández-Armesto (Spanish) accepts his appointment as presiding arbitrator.
January 18, 2022	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 the co-arbitrators pursuant to the parties' agreement; Stanimir A. Alexandrov (Bulgarian), appointed by the Claimant; and Jean Kalicki (U.S.), appointed by the Respondent.
March 15, 2022	The proceeding is suspended until May 27, 2022, pursuant to the parties’ agreement.
June 1, 2022	The suspension of the proceeding is extended until November 25, 2022, pursuant to the parties’ agreement.
December 7, 2022	The Tribunal extends the suspension of the proceeding until March 31, 2023.
April 4, 2023	The Tribunal extends the suspension of the proceeding until September 15, 2023.
October 13, 2023	The Tribunal extends the suspension of the proceeding until February 29, 2024.
April 5, 2024	The proceeding is suspended for non-payment of the required advances pursuant to ICSID Administrative and Financial Regulation 16(2)(b).
July 19, 2024	The Secretary-General issues an order taking note of the discontinuance of the proceeding pursuant to ICSID Administrative and Financial Regulation 16(2)(c).