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 8, 2026 - The Claimant files observations on the request for reconsideration of the Tribunal’s procedural order of June 22, 2026.

(a) Original Proceeding

Published Decisions

Procedural Order No. 1

Procedural Order No. 1 - Annex B - Procedural Calendar (Amendment No. 1)

Procedural Order No. 1- Annex E - National Public Holidays (as amended 17 November 2025)

Available on the ICSID Website

Procedural Order No. 1 (September 12, 2025) English (Original)

Procedural Order No. 1 - Annex B - Procedural Calendar (Amendment No. 1) (December 3, 2025) English (Original)

Procedural Order No. 1- Annex E - National Public Holidays (as amended 17 November 2025) (December 3, 2025) English (Original)

(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.
February 19, 2026	The Claimant files a memorial on the merits.
March 23, 2026	The Respondent files a request to address the objections to jurisdiction as a preliminary question pursuant to ICSID Convention Article 41(2) and ICSID Arbitration Rule 44
April 22, 2026	The Claimant files observations on the request to address the objections to jurisdiction as a preliminary question.
June 22, 2026	The Tribunal issues a procedural order concerning the Respondent’s request to address the objections to jurisdiction as a preliminary question; as a result, the proceeding on the merits is suspended.
August 24, 2026	The Respondent files a request for reconsideration of the Tribunal’s procedural order of June 22, 2026.
September 8, 2026	The Claimant files observations on the request for reconsideration of the Tribunal’s procedural order of June 22, 2026.