Case Details

Inversiones y Desarrollos Energéticos, S.A. v. Republic of Honduras (ICSID Case No. ARB/23/40)

Subject of Dispute:

Renewable energy generation enterprise
Economic Sector:

Electric Power & Other Energy
Instrument(s) Invoked:

FTA Central America - Panama 2002
Applicable Rules:

ICSID Convention - Arbitration Rules

(a) Original Proceeding

Claimant(s)/Nationality(ies):

Inversiones y Desarrollos Energéticos, S.A. (Panamanian)
Respondent(s):

Republic of Honduras (Honduran)
Date Registered:

August 30, 2023
Date of Constitution of Tribunal:

May 20, 2024

Composition of Tribunal

President:

Luca G. RADICATI DI BROZOLO (British, Italian) - Appointed by Co-Arbitrators
Arbitrators:

Oscar M. GARIBALDI (Argentine, U.S.) - Appointed by the Claimant(s)
Mónica PINTO (Argentine) - Appointed by the Respondent(s)

Party Representatives

Claimant(s):

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

Procuraduría General de la República de Honduras, Tegucigalpa, Honduras
Secretaría de Desarrollo Económico, Dirección General de Administración y Negociación de Tratados, Tegucigalpa, Honduras
Foley Hoag, Washington D.C., U.S.A.
Status of Proceeding:

Pending
Latest Development:

August 20, 2024 - The Claimant files a memorial on the merits.

No References Available.

(a) Original Proceeding

Date	Development
August 30, 2023	The Secretary-General registers a request for the institution of arbitration proceedings.
September 21, 2023	Following appointment by the Claimant, Oscar M. Garibaldi (Argentine/U.S.) accepts his appointment as arbitrator.
December 4, 2023	Following appointment by the Respondent, Monica Pinto (Argentine) accepts her appointment as arbitrator.
May 20, 2024	Following appointment by his co-arbitrators pursuant to the parties’ agreement, Luca G. Radicati di Brozolo (British/Italian), accepts his appointment as presiding arbitrator.
May 20, 2024	The Tribunal is constituted in accordance with Article 37(2)(a) of the ICSID Convention. Its members are: Luca G. Radicati di Brozolo (British/Italian), President, appointed by his co-arbitrators pursuant to the parties’ agreement; Oscar M. Garibaldi (Argentine/U.S.), appointed by the Claimant; and Monica Pinto (Argentine), appointed by the Respondent.
July 3, 2024	The Tribunal holds a first session by video conference.
July 8, 2024	The Tribunal issues Procedural Order No. 1 concerning procedural matters.
August 20, 2024	The Claimant files a memorial on the merits.