Case Details
Energía y Renovación Holding, S.A. v. Republic of Guatemala (ICSID Case No. ARB/21/56)
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Renewable energy generation enterprise
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Electric Power & Other Energy
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FTA Central America - Panama 2002
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ICSID Convention - Arbitration Rules
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Energía y Renovación Holding, S.A. (Panamanian)
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Republic of Guatemala (Guatemalan)
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November 15, 2021
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March 7, 2022
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Diego P. FERNÁNDEZ ARROYO (Argentine, Spanish) - Appointed by the Parties
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Guido Santiago TAWIL (Argentine, Portuguese) - Appointed by the Claimant(s)
Raúl E. VINUESA (Argentine, Spanish) - Appointed by the Respondent(s) -
Hogan Lovells US, Miami, FL, U.S.A.
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Greenberg Traurig, Washington, D.C., U.S.A.
Ministry of Economy, Guatemala City, Guatemala
Procuraduría General de la Nación, Guatemala City, Guatemala -
Spanish
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Concluded
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March 31, 2025 - The Tribunal renders its award; attached to the award is a dissenting opinion by arbitrator Raúl Emilio Vinuesa, a Declaration by the President Prof. Diego Fernández Arroyo and Arbitrator Prof. Guido Santiago Tawil, and a Declaration by Arbitrator Prof. Raúl E. Vinuesa.
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Claimant(s)
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May 5, 2025
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Hogan Lovells US, Miami, FL, U.S.A.
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Greenberg Traurig, Washington, D.C., U.S.A.
Ministry of Economy, Guatemala City, Guatemala
Procuraduría General de la Nación, Guatemala City, Guatemala -
Pending
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May 5, 2025 - The Secretary-General registers a request for rectification of the award filed by Energía y Renovación Holding, S.A.
(a) Original Proceeding
Composition of Tribunal
Party Representatives
(b) Rectification Proceeding
Party Representatives
(a) Original Proceeding
Published Decisions
Resolución Procesal No. 1
Resolución Procesal No. 2 – Decisión sobre la solicitud de bifurcación
Resolución Procesal No. 3 – Decisión sobre la Solicitud de Parte No Contendiente
Resolución Procesal No. 4 – Sobre la Confidencialidad de las Presentaciones de las Partes Contendientes
Resolución Procesal No. 5 – Sobre la Presentación de las Partes No Contendientes
Resolución Procesal No. 6 – Sobre las Solicitudes de Exhibición de Documentos y el Incidente Procesal
Resolución Procesal No. 7 – Sobre cuestionamientos relativos a la exhibición de documentos
Resolución Procesal No. 8 – Sobre alegados incumplimientos de la Resolución Procesal No. 7
Resolución Procesal No. 9 – Sobre la comparecencia del Sr. Arroyo Arzú
Resolución Procesal No. 10 - Sobre la organización de la audiencia
Resolución Procesal No. 11 - Sobre la Opinión Legal del Sr. Archila Cruz
Procedural Order No. 12
Award of the Tribunal
Dissenting Opinion of Prof. Raúl Emilio Vinuesa
Declarations of the President Prof. Diego Fernández Arroyo and Arbitrator Prof. Guido Santiago Tawil
Declaration of Arbitrator Prof. Raúl Emilio Vinuesa
Available on the ICSID Website
Resolución Procesal No. 1 (May 6, 2022) Spanish (Original)
Resolución Procesal No. 2 – Decisión sobre la solicitud de bifurcación (December 2, 2022) Spanish (Original)
Resolución Procesal No. 3 – Decisión sobre la Solicitud de Parte No Contendiente (March 23, 2023) Spanish (Original)
Resolución Procesal No. 4 – Sobre la Confidencialidad de las Presentaciones de las Partes Contendientes (April 12, 2023) Spanish (Original)
Resolución Procesal No. 5 – Sobre la Presentación de las Partes No Contendientes (June 6, 2023) Spanish (Original)
Resolución Procesal No. 6 – Sobre las Solicitudes de Exhibición de Documentos y el Incidente Procesal (August 9, 2023) Spanish (Original)
Resolución Procesal No. 7 – Sobre cuestionamientos relativos a la exhibición de documentos (November 21, 2023) Spanish (Original)
Resolución Procesal No. 8 – Sobre alegados incumplimientos de la Resolución Procesal No. 7 (December 8, 2023) Spanish (Original)
Resolución Procesal No. 9 – Sobre la comparecencia del Sr. Arroyo Arzú (March 29, 2024) Spanish (Original)
Resolución Procesal No. 10 - Sobre la organización de la audiencia (April 11, 2024) Spanish (Original)
Resolución Procesal No. 11 - Sobre la Opinión Legal del Sr. Archila Cruz (April 15, 2024) Spanish (Original)
Procedural Order No. 12 (February 7, 2025) Spanish (Original)
Award of the Tribunal (March 31, 2025) Spanish (Original)
Dissenting Opinion of Prof. Raúl Emilio Vinuesa (March 31, 2025) Spanish (Original)
Declarations of the President Prof. Diego Fernández Arroyo and Arbitrator Prof. Guido Santiago Tawil (March 31, 2025) Spanish (Original)
Declaration of Arbitrator Prof. Raúl Emilio Vinuesa (March 31, 2025) Spanish (Original)
(a) Original Proceeding
Date | Development |
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November 15, 2021 | The Secretary-General registers a request for the institution of arbitration proceedings. |
December 13, 2021 | Following appointment by the Claimant, Guido Santiago Tawil (Argentine/Portuguese) accepts his appointment as arbitrator. |
January 12, 2022 | Following appointment by the Respondent, Raúl Emilio Vinuesa (Argentine/Spanish) accepts his appointment as arbitrator. |
March 7, 2022 | Following appointment by the parties, Diego P. Fernández Arroyo (Argentine, Spanish) accepts his appointment as presiding arbitrator. |
March 7, 2022 | The Tribunal is constituted in accordance with Article 37(2)(a) of the ICSID Convention. Its members are: Diego P. Fernández Arroyo (Argentine, Spanish), President, appointed by the parties; Guido Santiago Tawil (Argentine, Portuguese), appointed by the Claimant; and Raúl Emilio Vinuesa (Argentine, Spanish), appointed by the Respondent. |
April 12, 2022 | The Tribunal holds a first session with the parties by video conference. |
May 6, 2022 | The Tribunal issues Procedural Order No. 1 concerning procedural matters. |
September 5, 2022 | The Claimant files a memorial on the merits. |
October 5, 2022 | The Respondent files a request to address the objections to jurisdiction as a preliminary question. |
November 4, 2022 | The Claimant files observations on the request to address the objections to jurisdiction as a preliminary question. |
December 2, 2022 | 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 objections to jurisdiction are joined to the merits of the dispute. |
January 23, 2023 | Non-disputing parties file an application to file a written submission pursuant to ICSID Arbitration Rule 37(2). |
February 6, 2023 | Each party files observations on the non-disputing parties’ application. |
March 23, 2023 | The Tribunal issues Procedural Order No. 3 concerning the non-disputing party’s application to file a written submission pursuant to ICSID Arbitration Rule 37(2). |
April 12, 2023 | The Tribunal issues Procedural Order No. 4 concerning the confidentiality of documents. |
April 17, 2023 | The Respondent files a memorial on jurisdiction and a counter-memorial on the merits. |
April 24, 2023 | The non-disputing parties file a written submission pursuant to ICSID Arbitration Rule 37(2). |
May 22, 2023 | Each party files observations on the non-disputing parties’ written submission. |
June 6, 2023 | The Tribunal issues Procedural Order No. 5 regarding the non-disputing party submission. |
August 9, 2023 | The Tribunal issues Procedural Order No. 6 concerning production of documents. |
November 21, 2023 | The Tribunal issues Procedural Order No. 7 concerning production of documents. |
November 30, 2023 | The Claimant files a counter-memorial on jurisdiction and a reply on the merits. |
December 8, 2023 | The Tribunal issues Procedural Order No. 8 concerning production of documents. |
February 28, 2024 | The Respondent files a reply on jurisdiction and a rejoinder on the merits. |
March 29, 2024 | The Tribunal issues Procedural Order No. 9 concerning procedural matters. |
April 2, 2024 | The Tribunal holds a pre-hearing organizational meeting with the parties by video conference. |
April 11, 2024 | The Tribunal issues Procedural Order No. 10 concerning procedural matters. |
April 15, 2024 | The Tribunal issues Procedural Order No. 11 concerning procedural matters. |
April 19, 2024 | El Salvador files a written submission as a non-disputing party pursuant to FTA Central America – Panama 2002 Article 10.29. |
April 22, 2024 - April 27, 2024 | The Tribunal holds a hearing on jurisdiction and the merits in person in Washington, D.C. and by video conference. |
June 28, 2024 | Each party files a submission on costs. |
February 7, 2025 | The Tribunal issues Procedural Order No. 12 concerning a request under Art. 10.30 of the FTA Central America - Panama. |
March 20, 2025 | The Tribunal declares the proceeding closed in accordance with ICSID Arbitration Rule 38(1). |
March 31, 2025 | The Tribunal renders its award; attached to the award is a dissenting opinion by arbitrator Raúl Emilio Vinuesa, a Declaration by the President Prof. Diego Fernández Arroyo and Arbitrator Prof. Guido Santiago Tawil, and a Declaration by Arbitrator Prof. Raúl E. Vinuesa. |
(b) Rectification Proceeding
Date | Development |
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May 5, 2025 | The Secretary-General registers a request for rectification of the award filed by Energía y Renovación Holding, S.A. |