Case Details

JLL Capital, S.A.P.I. de C.V. v. Republic of Honduras (ICSID Case No. ARB/23/3)

Subject of Dispute:

Banking and financial services
Economic Sector:

Finance
Instrument(s) Invoked:

FTA Mexico - Costa Rica - El Salvador - Guatemala - Honduras - Nicaragua
Applicable Rules:

ICSID Convention - Arbitration Rules

(a) Original Proceeding

Claimant(s)/Nationality(ies):

JLL Capital, S.A.P.I. de C.V. (Mexican)
Respondent(s):

Republic of Honduras (Honduran)
Date Registered:

February 13, 2023
Date of Constitution of Tribunal:

August 8, 2023

Composition of Tribunal

President:

Juan Pablo CÁRDENAS MEJÍA (Colombian) - Appointed by the Acting Secretary-General
Arbitrators:

Christian ALBANESI (Argentine, Italian) - Appointed by the Claimant(s)
Gabriel BOTTINI (Argentine) - Appointed by the Acting Secretary-General

Party Representatives

Claimant(s):

García Barragán Abogados, S.C, Cuidad de México, México
Clifford Chance US, Washington, D.C., U.S.A.
Respondent(s):

Government of Honduras
González de Cossío Abogados, S.C., México City, México
Status of Proceeding:

Pending
Latest Development:

August 18, 2023 - The Respondent files preliminary objections pursuant to ICSID Arbitration Rule 41.

No References Available.

(a) Original Proceeding

Date	Development
February 13, 2023	The Secretary-General registers a request for the institution of arbitration proceedings.
April 4, 2023	Following appointment by the Claimant, Christian Albanesi (Argentine/Italian) accepts his appointment as arbitrator.
June 9, 2023	Following appointment by the Secretary-General, Gabriel Bottini (Argentine) accepts his appointment as arbitrator.
August 7, 2023	Following appointment by the Secretary-General, Juan Pablo Cárdenas Mejía (Colombian) accepts his appointment as presiding arbitrator.
August 8, 2023	The Tribunal is constituted in accordance with Article 11.23 of the Free Trade Agreement between Mexico and Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua. Its members are: Juan Pablo Cárdenas Mejía (Colombian), President, appointed by the Secretary-General pursuant to Article 11.23 of the Free Trade Agreement between Mexico and Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua; Christian Albanesi (Argentine/Italian), appointed by the Claimant; and Gabriel Bottini (Argentine), appointed by the Secretary-General pursuant to Article 11.23 of the Free Trade Agreement between Mexico and Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua.
August 18, 2023	The Respondent files preliminary objections pursuant to ICSID Arbitration Rule 41.