Case Details

Energía y Renovación Holding, S.A. v. Republic of Guatemala (ICSID Case No. ARB/21/56)

Subject of Dispute:

Renewable energy generation enterprise
Economic Sector:

Electric Power & Other Energy
Instrument(s) Invoked:

FTA Central America - Panama 2002
Applicable Rules:

ICSID Convention - Arbitration Rules

(a) Original Proceeding

Claimant(s)/Nationality(ies):

Energía y Renovación Holding, S.A. (Panamanian)
Respondent(s):

Republic of Guatemala (Guatemalan)
Date Registered:

November 15, 2021
Date of Constitution of Tribunal:

March 7, 2022

Composition of Tribunal

President:

Diego P. FERNÁNDEZ ARROYO (Argentine, Spanish) - Appointed by the Parties
Arbitrators:

Guido Santiago TAWIL (Argentine, Portuguese) - Appointed by the Claimant(s)
Raúl E. VINUESA (Argentine, Spanish) - Appointed by the Respondent(s)

Party Representatives

Claimant(s):

Hogan Lovells US, Miami, FL, U.S.A.
Respondent(s):

Greenberg Traurig, Washington, D.C., U.S.A.
Ministry of Economy, Guatemala City, Guatemala
Procuraduría General de la Nación, Guatemala City, Guatemala
Language(s) of Proceeding:

Spanish
Status of Proceeding:

Concluded
Outcome of Proceeding:

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

Applicant(s)/Requesting Party(ies):

Claimant(s)
Date Registered:

May 5, 2025

Party Representatives

Claimant(s):

Hogan Lovells US, Miami, FL, U.S.A.
Respondent(s):

Greenberg Traurig, Washington, D.C., U.S.A.
Ministry of Economy, Guatemala City, Guatemala
Procuraduría General de la Nación, Guatemala City, Guatemala
Status of Proceeding:

Pending
Latest Development:

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

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
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
May 5, 2025	The Secretary-General registers a request for rectification of the award filed by Energía y Renovación Holding, S.A.