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
Status of Proceeding:

Pending
Latest Development:

April 9, 2024 -
The suspension of the proceeding is extended until October 3, 2024, pursuant to the parties’ agreement.

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.