Case Details

Stratius Investments Limited v. Hungary (ICSID Case No. ARB/24/6)

Subject of Dispute:

Energy enterprise
Economic Sector:

Electric Power & Other Energy
Instrument(s) Invoked:

ECT (Energy Charter Treaty)
Applicable Rules:

ICSID Convention - Arbitration Rules

(a) Original Proceeding

Claimant(s)/Nationality(ies):

Stratius Investments Limited (Cypriot)
Respondent(s):

Hungary (Hungarian)
Date Registered:

March 13, 2024
Date of Constitution of Tribunal:

July 8, 2024

Composition of Tribunal

President:

Gabrielle KAUFMANN-KOHLER (Swiss) - Appointed by the Parties
Arbitrators:

Juliet BLANCH (British) - Appointed by the Claimant(s)
Philippe SANDS (British, French, Mauritian) - Appointed by the Respondent(s)

Party Representatives

Claimant(s):

Fox Williams, London, U.K.
Respondent(s):

Burai-Kovács, Perlaki, Sztanka, Szikla & Partners, Budapest, Hungary
Sovereign Arbitration Advisors, Washington, D.C., U.S.A.
Mahnaz Malik, London, U.K.
Language(s) of Proceeding:

English
Status of Proceeding:

Pending
Latest Development:

October 18, 2024 - The Claimant files a memorial on the merits.

No References Available.

(a) Original Proceeding

Date	Development
March 13, 2024	The Secretary-General registers a request for the institution of arbitration proceedings.
May 16, 2024	Following appointment by the Claimant, Juliet Blanch (British) accepts her appointment as arbitrator.
June 12, 2024	Following appointment by the Respondent, Philippe Sands (British/French/Mauritian) accepts his appointment as arbitrator.
July 8, 2024	Following appointment by agreement of the parties, Gabrielle Kaufmann-Kohler (Swiss) accepts her appointment as presiding arbitrator.
July 8, 2024	The Tribunal is constituted in accordance with Article 37(2)(b) of the ICSID Convention. Its members are: Gabrielle Kaufmann-Kohler (Swiss), President, appointed by agreement of the parties; Juliet Blanch (British), appointed by the Claimant; and Philippe Sands (British/French/Mauritian), appointed by the Respondent.
September 6, 2024	The Tribunal holds a first session by video conference.
September 11, 2024	The Tribunal issues Procedural Order No. 1 concerning procedural matters.
October 16, 2024	The Tribunal issues Procedural Order No. 2 concerning transparency and confidentiality.
October 18, 2024	The Claimant files a memorial on the merits.