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:

July 12, 2024 - The Claimants file a memorial on the merits.

(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.