Case Details

Coropi Holdings Limited, Kalemegdan Investments Limited and Erinn Bernard Broshko v. Republic of Serbia (ICSID Case No. ARB/22/14)

Subject of Dispute:

Real estate project
Economic Sector:

Other
Instrument(s) Invoked:

BIT Canada - Serbia 2014, BIT Serbia - Cyprus 2005
Applicable Rules:

ICSID Convention - Arbitration Rules

(a) Original Proceeding

Claimant(s)/Nationality(ies):

Coropi Holdings Limited (Cypriot), Kalemegdan Investments Limited (Cypriot), Erinn Bernard Broshko (Canadian)
Respondent(s):

Republic of Serbia (Serbian)
Date Registered:

May 27, 2022
Date of Constitution of Tribunal:

January 25, 2023

Composition of Tribunal

President:

Daniel BETHLEHEM (British) - Appointed by Co-Arbitrators
Arbitrators:

Andrés JANA LINETZKY (Chilean, Portuguese) - Appointed by the Claimant(s)
Zachary DOUGLAS (Australian, Swiss) - Appointed by the Respondent(s)

Party Representatives

Claimant(s):

Squire Patton Boggs, Prague, Czech Republic and New York, NY, U.S.A.
Stankovic & Partners, Belgrade, Serbia
Respondent(s):

Mikijelj, Jankovic & Bogdanovi, Belgrade, Serbia
Mihaj, Ilic & Milanovic, Belgrade, Serbia
Clifford Chance, London, U.K., Frankfurt am Main, Germany and Warsaw, Poland
Public Attorney of the Republic of Serbia, Belgrade, Serbia
Language(s) of Proceeding:

English
Status of Proceeding:

Pending
Latest Development:

April 7, 2025 - Each party files a post-hearing brief.

(a) Original Proceeding

Published Decisions

Claimants' Memorial

Procedural Order No. 1

Procedural Order No. 2

Procedural Order No. 3

Procedural Order No. 4

Respondent's Counter-Memorial

Procedural Order No. 5

Claimant’s Reply

Respondent's Rejoinder

Rejoinder on Jurisdiction

Hearing on Jurisdiction and the Merits - Day 1 (English;)

Hearing on Jurisdiction and the Merits - Day 2 (English;)

Hearing on Jurisdiction and the Merits - Day 3 (English;)

Hearing on Jurisdiction and the Merits - Day 4 (English;)

Hearing on Jurisdiction and the Merits - Day 5 (English;)

Hearing on Jurisdiction and the Merits - Day 6 (English;)

Available on the ICSID Website

Claimants' Memorial (March 31, 2023) English (Original)

Procedural Order No. 1 (March 31, 2023) English (Original)

Procedural Order No. 2 (May 26, 2023) English (Original)

Procedural Order No. 3 (July 19, 2023) English (Original)

Procedural Order No. 4 (August 21, 2023) English (Original)

Respondent's Counter-Memorial (September 29, 2023) English (Original)

Procedural Order No. 5 (December 8, 2023) English (Original)

Claimant’s Reply (February 29, 2024) English (Original)

Respondent's Rejoinder (June 14, 2024) English (Original)

Rejoinder on Jurisdiction (July 26, 2024) English (Original)

(a) Original Proceeding

Date	Development
May 27, 2022	The Acting Secretary-General registers a request for the institution of arbitration proceedings.
August 24, 2022	Following appointment by the Claimants, Andrés Jana Linetzky (Chilean) accepts his appointment as arbitrator.
August 26, 2022	Following appointment by the Respondent, Prof. Zachary Douglas (Australian) accepts his appointment as arbitrator.
January 25, 2023	The Tribunal is constituted in accordance with Article 37(2)(a) of the ICSID Convention. Its members are: Daniel Bethlehem (British), President, appointed by his co-arbitrators pursuant to the agreement of the parties, Andrés Jana (Chilean) appointed by the Claimants, and Zachary Douglas (Australian) appointed by the Respondent.
January 25, 2023	Following his appointment by agreement of the co-arbitrators, Daniel Bethlehem (British) accepts his appointment as presiding arbitrator.
March 22, 2023	The Tribunal holds a first session by videoconference.
March 31, 2023	The Tribunal issues Procedural Order No. 1 concerning procedural matters.
March 31, 2023	The Claimants file a memorial on the merits.
May 26, 2023	The Tribunal issues Procedural Order No. 2 concerning procedural matters.
June 20, 2023	The Respondent files a request to address quantum in a separate phase of the proceeding.
July 7, 2023	The Claimants file observations on the request to address quantum in a separate phase of the proceeding.
August 21, 2023	The Tribunal issues a procedural order concerning the Respondent’s request to address quantum in a separate phase of the proceeding.
September 29, 2023	The Respondent files a counter-memorial on the merits.
December 8, 2023	The Tribunal issues Procedural Order No. 5 concerning production of documents.
February 23, 2024	The Claimants file a reply on the merits.
June 14, 2024	The Respondent submits a rejoinder on the merits.
July 26, 2024	The Claimants file a rejoinder on jurisdiction.
August 14, 2024	The Claimants file a request for the exclusion of a supporting document.
August 30, 2024	The Respondent files observations on the Claimants’ request of August 14, 2024.
November 5, 2024	The Claimants file a response to the Respondent’s observations of August 30, 2024.
November 18, 2024	The Respondent files further observations on jurisdiction.
November 19, 2024	The Respondent files a response to the Claimants’ observations of November 5, 2024.
November 19, 2024	The Tribunal holds a pre-hearing organizational meeting with the parties by video conference.
December 2, 2024	The Claimants file a response to the Respondent’s observations of November 19, 2024.
December 7, 2024	The Tribunal issues Procedural Order No. 6 concerning the organization of the hearing.
January 10, 2025 - January 17, 2025	The Tribunal holds a hearing on jurisdiction and the merits in Paris.
January 16, 2025	The Claimants file a request for the Tribunal to decide on the admissibility of supporting documents.
January 24, 2025	The Respondent files observations on the Claimants’ request of January 16, 2025.
February 14, 2025	The Respondent files a request for the Tribunal to decide on the admissibility of supporting documents.
April 1, 2025	The Respondent files a request for the Tribunal to decide on the admissibility of supporting documents.
April 7, 2025	Each party files a post-hearing brief.