Case Details

Tara Resources AG v. Montenegro (ICSID Case No. ARB/25/36)

Subject of Dispute:

Mining concession
Economic Sector:

Oil, Gas & Mining
Instrument(s) Invoked:

BIT Switzerland - Montenegro 2005
Applicable Rules:

ICSID Convention - Arbitration Rules

(a) Original Proceeding

Claimant(s)/Nationality(ies):

Tara Resources AG (Swiss)
Respondent(s):

Montenegro (Montenegrin)
Date Registered:

August 5, 2025
Date of Constitution of Tribunal:

November 24, 2025

Composition of Tribunal

President:

D. Brian KING (U.S.) - Appointed by the Parties
Arbitrators:

O. Thomas JOHNSON (U.S.) - Appointed by the Claimant(s)
Loretta MALINTOPPI (Italian) - Appointed by the Respondent(s)

Party Representatives

Claimant(s):

Boies Schiller Flexner (UK), London, U.K.
Boies Schiller Flexner, Washington, D.C., U.S.A.
Respondent(s):

Hughes Hubbard & Reed, New York, NY, U.S.A.
Nikčević & Kapor, Belgrade, Serbia
Ministry of Energy and Mining, Podgorica, Montenegro
Language(s) of Proceeding:

English
Status of Proceeding:

Pending
Latest Development:

December 29, 2025 -
The Tribunal issues Procedural Order No. 2 concerning transparency and confidentiality.

(a) Original Proceeding

Published Decisions

Procedural Oder No. 1

Procedural Oder No. 2

Available on the ICSID Website

Procedural Oder No. 1 (December 29, 2025) English (Original)

Procedural Oder No. 2 (December 29, 2025) English (Original)

(a) Original Proceeding

Date	Development
August 5, 2025	The Secretary-General registers a request for the institution of arbitration proceedings.
September 25, 2025	Following appointment by the Claimant, O. Thomas Johnson (U.S.), accepts his appointment as arbitrator.
October 31, 2025	Following appointment by the Respondent, Loretta Malintoppi (Italian) accepts her appointment as arbitrator.
December 23, 2025	The Tribunal holds a first session by video conference.
December 29, 2025	The Tribunal issues Procedural Order No. 1 concerning procedural matters.
December 29, 2025	The Tribunal issues Procedural Order No. 2 concerning transparency and confidentiality.