Case Details

IJM Corporation Berhad v. Argentine Republic (ICSID Case No. ARB/23/52)

Subject of Dispute:

Toll Concession
Economic Sector:

Transportation
Instrument(s) Invoked:

BIT Argentina - Malaysia 1994
Applicable Rules:

ICSID Convention - Arbitration Rules

(a) Original Proceeding

Claimant(s)/Nationality(ies):

IJM Corporation Berhad (Malaysian)
Respondent(s):

Argentine Republic (Argentine)
Date Registered:

December 11, 2023
Date of Constitution of Tribunal:

May 6, 2024

Composition of Tribunal

President:

Sabina SACCO (Chilean, Italian, Salvadoran) - Appointed by the Parties
Arbitrators:

Eduardo ZULETA (Colombian) - Appointed by the Claimant(s)
Jose Emilio NUNES PINTO (Brazilian) - Appointed by the Respondent(s)

Party Representatives

Claimant(s):

Marval, O’Farrell & Mairal, Buenos Aires, Argentina
Respondent(s):

Procuración del Tesoro de la Nación, Buenos Aires, Argentina
Language(s) of Proceeding:

Spanish
Status of Proceeding:

Pending
Latest Development:

January 13, 2026 -
The Tribunal issues Procedural Order No. 6 concerning production of documents.

(a) Original Proceeding

Published Decisions

Procedural Order No. 1

Procedural Order No. 2

Procedural Order No. 3

Procedural Order No. 4

Procedural Order No. 4 – Annex A

Procedural Order No. 4 – Annex B

Available on the ICSID Website

Procedural Order No. 1 (August 8, 2024) Spanish (Original)

Procedural Order No. 2 (December 12, 2024) Spanish (Original)

Procedural Order No. 3 (April 17, 2025) Spanish (Original)

Procedural Order No. 4 (September 4, 2025) Spanish (Original)

Procedural Order No. 4 – Annex A (September 4, 2025) Spanish (Original)

Procedural Order No. 4 – Annex B (September 4, 2025) Spanish (Original)

(a) Original Proceeding

Date	Development
December 11, 2023	The Secretary-General registers a request for the institution of arbitration proceedings.
January 26, 2024	Following appointment by the Claimant, Eduardo Zuleta (Colombian) accepts his appointment as arbitrator.
April 3, 2024	Following appointment by the Respondent, José Emilio Nunes Pinto (Brazilian) accepts his appointment as arbitrator.
May 6, 2024	Following appointment by agreement of the parties, Sabina Sacco (Italian/Chilean/Salvadoran) accepts her appointment as presiding arbitrator.
May 6, 2024	The Tribunal is constituted in accordance with Article 37(2)(a) of the ICSID Convention. Its members are: Sabina Sacco (Chilean/Italian/Salvadoran), President, appointed by agreement of the parties; Eduardo Zuleta (Colombian), appointed by Claimant; and José Emilio Nunes Pinto (Brazilian), appointed by Respondent.
June 19, 2024	The Tribunal holds a first session with the parties by video conference.
August 8, 2024	The Tribunal issues Procedural Order No. 1 concerning procedural matters.
August 23, 2024	The proceeding is suspended for non-payment of the required advances pursuant to ICSID Administrative and Financial Regulation 16(2)(b).
November 6, 2024	The Claimant files a memorial on the merits.
November 14, 2024	The proceeding is resumed following payment of the required advances.
December 12, 2024	The Tribunal issues Procedural Order No. 2 concerning transparency and confidentiality.
March 26, 2025	The Respondent files a counter-memorial on the merits and memorial on jurisdiction, including a counter-claim.
April 17, 2025	The Tribunal issues Procedural Order No. 3 concerning the rules for production of documents.
July 2, 2025	Following exchanges between the parties, the Respondent files a request for the Tribunal to decide on production of documents.
September 4, 2025	The Tribunal issues Procedural Order No. 4 concerning production of documents.
October 15, 2025	The Claimant files a reply on the merits and a counter-memorial on jurisdiction and counter-claim.
January 5, 2026	The Tribunal issues Procedural Order No. 5 concerning confidentiality.
January 13, 2026	The Tribunal issues Procedural Order No. 6 concerning production of documents.