Case Details

Víctor Miguel Silhy Zacarías v. Republic of Honduras (ICSID Case No. ARB/24/32)

Subject of Dispute:

Renewable energy generation enterprise
Economic Sector:

Electric Power & Other Energy
Instrument(s) Invoked:

CAFTA-DR (Dominican Republic-Central America Free Trade Agreement)
Applicable Rules:

ICSID Convention - Arbitration Rules

(a) Original Proceeding

Claimant(s)/Nationality(ies):

Víctor Miguel Silhy Zacarías (Salvadoran)
Respondent(s):

Republic of Honduras (Honduran)
Date Registered:

August 8, 2024
Date of Constitution of Tribunal:

March 5, 2025

Composition of Tribunal

President:

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

David R. HAIGH (Canadian) - Appointed by the Claimant(s)
Yves DERAINS (French) - Appointed by the Respondent(s)

Party Representatives

Claimant(s):

White & Case, Miami, FL, U.S.A.
Respondent(s):

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

English,Spanish
Status of Proceeding:

Pending
Latest Development:

May 20, 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.
August 15, 2024	Following appointment by the Claimant, David R. Haigh (Canadian) accepts his appointment as arbitrator.
November 11, 2024	Following appointment by the Respondent, Yves Derains (French) accepts his appointment as arbitrator.
March 5, 2025	Following appointment by his co-arbitrators pursuant to the parties’ agreement, Klaus Sachs (German) accepts his appointment as presiding arbitrator.
March 5, 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; David R. Haigh (Canadian), appointed by the Claimant; and Yves Derains (French), appointed by the Respondent.
May 15, 2025	The Tribunal holds a first session by correspondence among its Members.
May 20, 2025	The Tribunal issues Procedural Order No. 1 concerning procedural matters.