Case Details

Basel LLC and Ronald Waldmann v. Georgia (ICSID Case No. ARB/23/23)

Subject of Dispute:

Real estate project
Economic Sector:

Construction
Instrument(s) Invoked:

BIT Georgia - Switzerland 2014
Applicable Rules:

ICSID Convention - Arbitration Rules

(a) Original Proceeding

Claimant(s)/Nationality(ies):

Basel LLC (Georgian), Ronald Waldmann (Swiss)
Respondent(s):

Georgia (Georgian)
Date Registered:

June 26, 2023
Date of Constitution of Tribunal:

January 17, 2024

Composition of Tribunal

President:

Eduardo ZULETA (Colombian) - Appointed by the Parties
Arbitrators:

Mark A. KANTOR (U.S.) - Appointed by the Claimant(s)
Andrés JANA LINETZKY (Chilean, Portuguese) - Appointed by the Respondent(s)

Party Representatives

Claimant(s):

DLA Piper Paris, France, London, U.K. and Madrid, Spain
Respondent(s):

Ministry of Justice, Tiblisi, Georgia
Squire Patton Boggs, Paris, France
Language(s) of Proceeding:

English
Status of Proceeding:

Pending
Latest Development:

March 12, 2026 - Following the resignation of arbitrator Eduardo Zuleta Jaramillo, the Secretary-General notifies the parties of the vacancy on the Tribunal and the proceeding is suspended pursuant to ICSID Arbitration Rule 26(2).

(a) Original Proceeding

Published Decisions

Procedural Order No. 1

Procedural Order No. 2

Available on the ICSID Website

Procedural Order No. 1 (April 30, 2024) English (Original)

Procedural Order No. 2 (April 30, 2024) English (Original)

(a) Original Proceeding

Date	Development
June 26, 2023	The Secretary-General registers a request for the institution of arbitration proceedings.
August 18, 2023	Following appointment by the Claimants, Mark A. Kantor (U.S.) accepts his appointment as arbitrator.
September 28, 2023	Following appointment by the Respondent, Andrés Jana Linetzky (Chilean) accepts his appointment as arbitrator.
January 17, 2024	Following appointment by the Parties, Eduardo Zuleta (Colombian), accepts his appointment as presiding arbitrator.
January 17, 2024	The Tribunal is constituted in accordance with Article 37(2)(a) of the ICSID Convention. Its members are: Eduardo Zuleta (Colombian), President, appointed by the parties; Mark Kantor (US) appointed by the Claimants; and Andrés Jana (Chilean) appointed by the Respondent.
March 14, 2024	The Tribunal holds a first session by video conference.
April 30, 2024	The Tribunal issues Procedural Order No. 1 concerning procedural matters.
April 30, 2024	The Tribunal issues Procedural Order No. 2 concerning transparency and confidentiality.
July 12, 2024	The Claimants file a memorial on the merits.
September 5, 2024	The Respondent files a request to address the objections to jurisdiction as a preliminary question pursuant to ICSID Convention Article 41(2) and ICSID Arbitration Rule 44.
September 25, 2024	The Claimant files observations on the request to address the objections to jurisdiction as a preliminary question.
October 18, 2024	The Tribunal issues a decision on 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.
February 18, 2025	The Respondent files a counter-memorial on the merits.
April 15, 2025	Following exchanges between the parties, the Respondent files a request for the Tribunal to decide on production of documents.
May 9, 2025	The Tribunal issues Procedural Order No. 4 concerning production of documents.
July 23, 2025	The Claimants files a reply on the merits.
July 29, 2025	The Tribunal issues Procedural Order No. 5 concerning production of documents.
August 6, 2025	The Claimants file a request for provisional measures.
September 3, 2025	The Respondent files observations on the Claimants’ request for provisional measures.
September 8, 2025	The Claimants file a response to the Respondent’s observations of September 3, 2025.
September 12, 2025	The Respondent files a response to the Claimants’ observations of September 8, 2025.
October 15, 2025	The Tribunal issues Procedural Order No. 6 concerning provisional measures.
November 18, 2025	The Tribunal issues Procedural Order No. 7 concerning procedural matters.
December 19, 2025	The Respondent files a rejoinder on the merits.
January 30, 2026	The Tribunal holds a case management conference with the Parties by video conference.
February 13, 2026	The Tribunal issues Procedural Order No. 8 concerning procedural matters.
March 12, 2026	Following the resignation of arbitrator Eduardo Zuleta Jaramillo, the Secretary-General notifies the parties of the vacancy on the Tribunal and the proceeding is suspended pursuant to ICSID Arbitration Rule 26(2).