Case Details

Park Avenue Capital LLC v. Republic of Moldova (ICSID Case No. ARB/25/25)

Subject of Dispute:

Internet domain
Economic Sector:

Information & Communication
Instrument(s) Invoked:

BIT Moldova - United States of America 1993
Applicable Rules:

ICSID Convention - Arbitration Rules

(a) Original Proceeding

Claimant(s)/Nationality(ies):

Park Avenue Capital LLC (U.S.)
Respondent(s):

Republic of Moldova (Moldovan)
Date Registered:

May 30, 2025
Date of Constitution of Tribunal:

October 6, 2025

Composition of Tribunal

President:

Matthew GEARING (British) - Appointed by the Parties
Arbitrators:

Stephan SCHILL (German) - Appointed by the Claimant(s)
Zachary DOUGLAS (Australian, Swiss) - Appointed by the Respondent(s)

Party Representatives

Claimant(s):

Nater Dallafior, Zurich, Switzerland
Three Crowns, Washington, D.C., U.S.A.
Anastasiya Ugale, Washington, D.C., U.S.A.
Respondent(s):

Ministry of Justice of the Republic of Moldova, Chisinau, Moldova
Buruiana & Partners, Chisinau, Moldova
Language(s) of Proceeding:

English
Status of Proceeding:

Pending
Latest Development:

November 25, 2025 - The Tribunal issues Procedural Order No. 2 concerning transparency and confidentiality.

(a) Original Proceeding

Published Decisions

Procedural Order No. 1

Procedural Order No. 2

Available on the ICSID Website

Procedural Order No. 1 (November 25, 2025) English (Original)

Procedural Order No. 2 (November 25, 2025) English (Original)

(a) Original Proceeding

Date	Development
May 30, 2025	The Acting Secretary-General registers a request for the institution of arbitration proceedings.
July 16, 2025	Following appointment by the Claimant, Stephan Schill (German) accepts his appointment as arbitrator.
July 21, 2025	Following appointment by the Respondent, Zachary Douglas (Australian/Swiss) accepts his appointment as arbitrator.
October 6, 2025	Following appointment by agreement of the parties, Matthew Gearing (British) accepts his appointment as presiding arbitrator.
October 6, 2025	The Tribunal is constituted in accordance with Article 37(2)(a) of the ICSID Convention. Its members are: Matthew Gearing (British), President, appointed by agreement of the parties; Stephan Schill (German), appointed by the Claimant; and Zachary Douglas (Australian/Swiss), appointed by the Respondent.
November 17, 2025	The Tribunal holds a first session by video conference.
November 25, 2025	The Tribunal issues Procedural Order No. 1 concerning procedural matters.
November 25, 2025	The Tribunal issues Procedural Order No. 2 concerning transparency and confidentiality.