Case Details

Ascent Resources Plc and Ascent Slovenia Ltd v. Republic of Slovenia (ICSID Case No. ARB/22/21)

Subject of Dispute:

Oil and gas enterprise
Economic Sector:

Oil, Gas & Mining
Instrument(s) Invoked:

ECT (Energy Charter Treaty)
Applicable Rules:

ICSID Convention - Arbitration Rules

(a) Original Proceeding

Claimant(s)/Nationality(ies):

Ascent Resources Plc (British), Ascent Slovenia Ltd (Maltese)
Respondent(s):

Republic of Slovenia (Slovenian)
Date Registered:

September 1, 2022
Date of Constitution of Tribunal:

March 7, 2023

Composition of Tribunal

President:

Raed FATHALLAH (Canadian, French, Lebanese) - Appointed by the Parties
Arbitrators:

Klaus REICHERT (German, Irish) - Appointed by the Claimant(s)
Brigitte STERN (French) - Appointed by the Respondent(s)

Party Representatives

Claimant(s):

Enyo Law LLP, London, UK
Respondent(s):

State Attorney’s Office, Republic of Slovenia
Clifford Chance, Frankfurt, Germany
Language(s) of Proceeding:

English
Status of Proceeding:

Pending
Latest Development:

July 24, 2024 - The Claimants file a reply on the merits.

No References Available.

(a) Original Proceeding

Date	Development
September 1, 2022	The Secretary-General registers a request for the institution of arbitration proceedings.
November 23, 2022	Following appointment by the Claimants, Klaus Reichert (German/Irish) accepts his appointment as arbitrator.
December 19, 2022	Following appointment by the Respondent, Brigitte Stern (French) accepts her appointment as arbitrator.
March 6, 2023	Following appointment by agreement of the parties, Raëd Fathallah (Canadian/French/Lebanese) accepts his appointment as presiding arbitrator.
March 7, 2023	The Tribunal is constituted in accordance with Article 37(2)(a) of the ICSID Convention. Its members are: Raëd Fathallah (Canadian/French/Lebanese), President, appointed by agreement of the parties; Klaus Reichert (German/Irish), appointed by the Claimants; and Brigitte Stern (French), appointed by the Respondent.
April 21, 2023	The Tribunal holds a first session by videoconference.
May 23, 2023	The Tribunal issues Procedural Order No. 1 concerning procedural matters and Procedural Order No. 2 concerning transparency.
July 20, 2023	The Claimants file a memorial on the merits and jurisdiction.
November 20, 2023	The Respondent files a request for security for costs.
December 5, 2023	The Claimants file a response to the Respondent’s request for security for costs.
December 12, 2023	The Respondent files a reply to the Claimant’s response on the request for security for costs.
December 19, 2023	The Claimants’ file a rejoinder to the Respondent’s reply on the request for security for costs.
January 5, 2024	The Respondent files a further reply on the request for security for costs.
January 12, 2024	The Claimants file comments to the Respondent's further reply for security for costs.
February 8, 2024	The Tribunal issues Procedural Order No. 3 concerning security for costs.
February 26, 2024	The Respondent files a counter-memorial on the merits.
May 30, 2024	The Tribunal issues Procedural Order No. 4 concerning production of documents.
July 24, 2024	The Claimants file a reply on the merits.