Case Details

Fedax N.V. v. Republic of Venezuela (ICSID Case No. ARB/96/3)

Subject of Dispute:

Debt instruments
Economic Sector:

Finance
Instrument(s) Invoked:

BIT Netherlands - Venezuela, Republica Bolivariana de 1991
Applicable Rules:

ICSID Convention - Arbitration Rules

(a) Original Proceeding

Claimant(s)/Nationality(ies):

Fedax N.V. (Dutch)
Respondent(s):

Bolivarian Republic of Venezuela (Venezuelan)
Date Registered:

June 26, 1996
Date of Constitution of Tribunal:

November 27, 1996

Composition of Tribunal

President:

Francisco ORREGO VICUÑA (Chilean) - Appointed by the Chairman of the Administrative Council
Arbitrators:

Meir HETH (Israeli) - Appointed by the Claimant(s)
Roberts B. OWEN (U.S.) - Appointed by the Respondent(s)

Party Representatives

Claimant(s):

Alberto Baumeister Toledo, Caracas, Venezuela
Respondent(s):

Procuraduría General de la República, Caracas, Venezuela
Language(s) of Proceeding:

English,Spanish
Status of Proceeding:

Concluded
Outcome of Proceeding:

Award rendered on March 9, 1998.

(a) Original Proceeding

Published Decisions

Decision on Objections to Jurisdiction of July 11, 1997; 37 ILM 1378 (1998); 5 ICSID Rep. 186 (2002); 24a Y.B. Com Arb. 24 (1999) (excerpts); French translation of English original in 126 Journal du droit international 276 (1999) (excerpts).

Award of March 9, 1998, 37 ILM 1391 (1998); 5 ICSID Rep. 200 (2002); 24a Y.B. Com Arb. 39 (1999) (excerpts); French translation of English original in 126 Journal du droit international 294 (1999) (excerpts).

No References Available.