Case Details

Norfund and KLP Norfund Investments AS v. Republic of Honduras (ICSID Case No. ARB/23/13)

Subject of Dispute:

Electric power generation projects
Economic Sector:

Electric Power & Other Energy
Instrument(s) Invoked:

Investment Law - Honduras (2011)
Applicable Rules:

ICSID Convention - Arbitration Rules

(a) Original Proceeding

Claimant(s)/Nationality(ies):

Norfund (Norwegian), KLP Norfund Investments AS (Norwegian)
Respondent(s):

Republic of Honduras (Honduran)
Date Registered:

April 21, 2023

Party Representatives

Claimant(s):

White & Case, Houston, TX, and Miami, FL, U.S.A.
Respondent(s):

Procuraduría General de la República de Honduras, Tegucigalpa, Honduras
Foley Hoag, Washington, D.C., U.S.A
Status of Proceeding:

Concluded
Outcome of Proceeding:

October 29, 2025 - The Acting Secretary-General issues a procedural order taking note of the discontinuance of the proceeding pursuant to ICSID Arbitration Rule 55.

No References Available.

(a) Original Proceeding

Date	Development
April 21, 2023	The Acting Secretary-General registers a request for the institution of arbitration proceedings.
December 7, 2023	The proceeding is suspended until February 21, 2024, pursuant to the parties’ agreement.
February 26, 2024	The suspension of the proceeding is extended until April 3, 2024, pursuant to the parties’ agreement.
April 9, 2024	The suspension of the proceeding is extended until October 3, 2024, pursuant to the parties’ agreement.
October 8, 2024	The suspension of the proceeding is extended until April 7, 2025, pursuant to the parties’ agreement.
April 22, 2025	The suspension of the proceeding is extended until July 16, 2025, pursuant to the parties’ agreement.
October 21, 2025	The parties notify the Acting Secretary-General of their agreement to discontinue the proceeding pursuant to ICSID Arbitration Rule 55.
October 29, 2025	The Acting Secretary-General issues a procedural order taking note of the discontinuance of the proceeding pursuant to ICSID Arbitration Rule 55.