Case Details

Libra LLC and others v. Republic of Azerbaijan (ICSID Case No. ARB/23/46)

Subject of Dispute:

Real estate project
Economic Sector:

Construction
Instrument(s) Invoked:

BIT Azerbaijan - United Kingdom of Great Britain and Northern Ireland 1996
Applicable Rules:

ICSID Convention - Arbitration Rules

(a) Original Proceeding

Claimant(s)/Nationality(ies):

Libra LLC (Azerbaijani), Neptun Azerbaijan-British LLC (Azerbaijani), Virgo Developments Ltd. (Azerbaijani), and the Estate of Efruz Muduroglu (British)
Respondent(s):

Republic of Azerbaijan (Azerbaijani)
Date Registered:

October 16, 2023
Date of Constitution of Tribunal:

June 6, 2024

Composition of Tribunal

President:

Eduardo ZULETA (Colombian) - Appointed by Co-Arbitrators
Arbitrators:

D. Brian KING (U.S.) - Appointed by the Claimant(s)
Carolyn B. LAMM (U.S.) - Appointed by the Respondent(s)

Party Representatives

Claimant(s):

King & Spalding, Washington, D.C., New York, NY, Houston, TX, U.S.A, and Paris, France
Respondent(s):

Quinn Emanuel Urquhart & Sullivan, London, U.K.
Status of Proceeding:

Pending
Latest Development:

July 12, 2024 - The Claimants file a proposal for disqualification of arbitrator Carolyn B. Lamm. The proceeding is suspended in accordance with ICSID Arbitration Rule 22(2).

No References Available.

(a) Original Proceeding

Date	Development
October 16, 2023	The Secretary-General registers a request for the institution of arbitration proceedings.
December 22, 2023	Following appointment by the Claimants, D. Brian King (U.S.) accepts his appointment as arbitrator.
February 14, 2024	The Claimants file a request for provisional measures.
February 16, 2024	Following appointment by the Respondent, Carolyn B. Lamm (U.S.) accepts her appointment as arbitrator.
February 28, 2024	The Respondent files observations on the Claimants’ request for provisional measures.
March 6, 2024	The Claimants file a response to the Respondent’s observations of February 28, 2024.
March 15, 2024	The Respondent files further observations on the Claimants’ request for provisional measures.
April 3, 2024	The Claimants file a supplemental submission on provisional measures.
April 24, 2024	The Respondent files observations on the Claimants’ supplemental submission on provisional measures.
June 5, 2024	Following appointment by his co-arbitrators pursuant to the parties’ agreement, Eduardo Zuleta Jaramillo (Colombian) accepts his appointment as presiding arbitrator.
June 6, 2024	The Tribunal is constituted in accordance with Article 37(2)(a) of the ICSID Convention. Its members are: Eduardo Zuleta Jaramillo (Colombian), President, appointed by his co-arbitrators; D. Brian King (US), appointed by Claimants; and Carolyn B. Lamm (US), appointed by Respondent.
July 8, 2024	The Tribunal issues a decision on provisional measures.
July 12, 2024	The Claimants file a proposal for disqualification of arbitrator Carolyn B. Lamm. The proceeding is suspended in accordance with ICSID Arbitration Rule 22(2).