Case Details

Continental Gold Inc. v. Republic of Colombia (ICSID Case No. ARB/24/25)

Subject of Dispute:

Mining concession
Economic Sector:

Oil, Gas & Mining
Instrument(s) Invoked:

FTA Canada - Colombia
Applicable Rules:

ICSID Convention - Arbitration Rules

(a) Original Proceeding

Claimant(s)/Nationality(ies):

Continental Gold Inc. (Canadian)
Respondent(s):

Republic of Colombia (Colombian)
Date Registered:

July 12, 2024
Date of Constitution of Tribunal:

January 8, 2025

Composition of Tribunal

President:

Klaus SACHS (German) - Appointed by Co-Arbitrators
Arbitrators:

Elisabeth ELJURI (Kittitian/Nevisian, U.S., Venezuelan) - Appointed by the Claimant(s)
Loretta MALINTOPPI (Italian) - Appointed by the Respondent(s)

Party Representatives

Claimant(s):

White & Case, New York, NY, Miami, FL and Washington, D. C., U.S.A.
Respondent(s):

Hughes Hubbard & Reed, Miami, Fl, U.S.A., New York, NY, U.S.A. and Washington D.C., U.S.A.
Agencia Nacional de Defensa Jurídica del Estado, Bogotá, Colombia
Dirección de Inversión Extranjera y Servicios, Ministerio de Comercio, Industria y Turismo, Bogotá, Colombia
Language(s) of Proceeding:

English,Spanish
Status of Proceeding:

Pending
Latest Development:

August 18, 2025 - The Tribunal issues Procedural Order No. 5 concerning the Claimant’s request to address quantum in a separate phase of the proceeding.

(a) Original Proceeding

Published Decisions

Request for Arbitration

Procedural Order No. 1

Procedural Order No. 2

Procedural Order No. 3

Procedural Order No. 4

Procedural Order No. 5

Available on the ICSID Website

Request for Arbitration (June 28, 2024) English (Original)

Procedural Order No. 1 (March 14, 2025) English (Original); Spanish (Original)

Procedural Order No. 2 (March 14, 2025) English (Original); Spanish (Original)

Procedural Order No. 3 (April 14, 2025) English (Original); Spanish (Original)

Procedural Order No. 4 (May 28, 2025) English (Original); Spanish (Original)

Procedural Order No. 5 (August 18, 2025) English (Original); Spanish (Original)

(a) Original Proceeding

Date	Development
July 12, 2024	The Acting Secretary-General registers a request for the institution of arbitration proceedings.
July 24, 2024	Following appointment by the Claimant, Elisabeth Eljuri (Venezuelan/Kittitian/Nevisian) accepts her appointment as arbitrator.
September 30, 2024	Following appointment by the Respondent, Loretta Malintoppi (Italian) accepts her appointment as arbitrator.
January 8, 2025	Following appointment by his co-arbitrators pursuant to the parties’ agreement, Klaus Sachs (German) accepts his appointment as presiding arbitrator.
January 8, 2025	The Tribunal is constituted in accordance with Article 37(2)(a) of the ICSID Convention. Its members are: Klaus Sachs (German), President, appointed by his co-arbitrators pursuant to the parties’ agreement; Elisabeth Eljuri (Venezuelan/Kittitian/Nevisian), appointed by the Claimant; and Loretta Malintoppi (Italian), appointed by the Respondent.
March 5, 2025	The Tribunal holds a first session by video conference.
March 14, 2025	The Tribunal issues Procedural Order No. 1 concerning procedural matters.
March 14, 2025	The Tribunal issues Procedural Order No. 2 concerning transparency and confidentiality.
April 14, 2025	The Tribunal issues Procedural Order No. 3 concerning procedural matters.
May 28, 2025	The Tribunal issues Procedural Order No. 4 concerning the procedural calendar.
July 10, 2025	The Claimant files a memorial on the merits.
July 10, 2025	The Claimant files a request to address quantum in a separate phase of the proceeding pursuant to ICSID Arbitration Rule 42.
July 18, 2025	The Respondent files observations on the request to address quantum in a separate phase of the proceeding.
July 25, 2025	The Claimant files a response on the Respondent’s observations of July 18, 2025.
August 1, 2025	The Respondent files further observations on the request to address quantum in a separate phase of the proceeding.
August 18, 2025	The Tribunal issues Procedural Order No. 5 concerning the Claimant’s request to address quantum in a separate phase of the proceeding.