Case Details

X-Elio Energy S.L. v. Republic of Honduras (ICSID Case No. ARB/24/31)

Subject of Dispute:

Renewable energy generation enterprise
Economic Sector:

Electric Power & Other Energy
Instrument(s) Invoked:

BIT Honduras - Spain 1994
Applicable Rules:

ICSID Convention - Arbitration Rules

(a) Original Proceeding

Claimant(s)/Nationality(ies):

X-Elio Energy S.L. (Spanish)
Respondent(s):

Republic of Honduras (Honduran)
Date Registered:

August 8, 2024
Date of Constitution of Tribunal:

June 27, 2025

Composition of Tribunal

President:

Felipe BULNES SERRANO (Chilean) - Appointed by the Parties
Arbitrators:

David R. HAIGH (Canadian) - Appointed by the Claimant(s)
Jorge E. VIÑUALES (Argentine, Swiss) - Appointed by the Respondent(s)

Party Representatives

Claimant(s):

Cuatrecasas Legal S.L.P., Madrid and Barcelona, Spain; Santiago, Chile
Respondent(s):

Procuraduría General de la República de Honduras, Tegucigalpa, Honduras
Foley Hoag LLP, Washington, D.C., U.S.A.
Language(s) of Proceeding:

English,Spanish
Status of Proceeding:

Pending
Latest Development:

September 12, 2025 - The Tribunal issues Procedural Order No. 1 concerning procedural matters.

No References Available.

(a) Original Proceeding

Date	Development
August 8, 2024	The Acting Secretary-General registers a request for the institution of arbitration proceedings.
December 10, 2024	Following appointment by the Claimant, David R. Haigh (Canadian) accepts his appointment as arbitrator.
December 27, 2024	Following appointment by the Respondent, Inka Hanefeld (German) accepts her appointment as arbitrator.
January 19, 2025	Inka Hanefeld (German) withdraws her acceptance of the appointment as arbitrator.
February 4, 2025	Following appointment by the Respondent, Jorge E. Viñuales (Argentine/Swiss) accepts his appointment as arbitrator.
June 26, 2025	Following appointment by agreement of the Parties, Felipe Bulnes Serrano (Chilean) accepts his appointment as presiding arbitrator.
June 27, 2025	The Tribunal is constituted in accordance with Article 37(2)(b) of the ICSID Convention. Its members are: Felipe Bulnes Serrano (Chilean), President, appointed by agreement of the Parties; David R. Haigh (Canadian), appointed by the Claimant; and Jorge E. Viñuales (Argentine/Swiss), appointed by the Respondent.
August 25, 2025	The Tribunal holds a first session by video conference.
September 12, 2025	The Tribunal issues Procedural Order No. 1 concerning procedural matters.