Case Details
ConocoPhillips Petrozuata B.V., ConocoPhillips Hamaca B.V. and ConocoPhillips Gulf of Paria B.V. v. Bolivarian Republic of Venezuela (ICSID Case No. ARB/07/30)
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Oil and gas enterprise
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Oil, Gas & Mining
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BIT Netherlands - Venezuela, Republica Bolivariana de 1991 - Investment Law - Venezuela (1999)
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ICSID Convention - Arbitration Rules
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ConocoPhillips Gulf of Paria B.V. (Dutch), ConocoPhillips Petrozuata B.V. (Dutch), ConocoPhillips Hamaca B.V. (Dutch)
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Bolivarian Republic of Venezuela (Venezuelan)
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December 13, 2007
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July 23, 2008
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Eduardo ZULETA (Colombian) - Appointed by the Chairman of the Administrative Council
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L. Yves FORTIER (Canadian) - Appointed by the Claimant(s)
Andreas BUCHER (Swiss) - Appointed by the Chairman of the Administrative Council -
Kenneth KEITH (New Zealand)
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L. Yves FORTIER (Canadian)
Ian BROWNLIE (British) -
February 1, 2010: Georges ABI-SAAB (Egyptian) appointed following the passing away of Ian BROWNLIE (British)
August 10, 2015: Andreas BUCHER (Swiss) appointed following the resignation of Georges ABI-SAAB (Egyptian)
April 22, 2016: Eduardo ZULETA (Colombian) appointed following the resignation of Kenneth KEITH (New Zealand) -
Freshfields Bruckhaus Deringer, New York, NY, U.S.A.
Three Crowns, London, U.K. -
Curtis, Mallet-Prevost, Colt & Mosle, New York, NY, U.S.A. and Mexico City, Mexico;
Procuraduría General de la República, Caracas, Venezuela
De Jesús & De Jesús, Caracas, Venezuela and Paris, France -
English,Spanish
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Concluded
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March 8, 2019 - The Tribunal renders its award.
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Respondent(s)
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April 18, 2019 (Respondent(s))
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Freshfields Bruckhaus Deringer, New York, NY, U.S.A.
Three Crowns, London, U.K. -
Curtis, Mallet-Prevost, Colt & Mosle, New York, NY, U.S.A
De Jesús & De Jesús, Caracas, Venezuela and Paris, France -
English,Spanish
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Concluded
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August 29, 2019 - The Tribunal issues a decision on the rectification of the award.
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Respondent(s)
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December 16, 2019 (Respondent(s))
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February 3, 2020
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Dominique HASCHER (French)
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Dominique HASCHER (French) - Appointed by the Chairman of the Administrative Council
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Diego P. FERNÁNDEZ ARROYO (Argentine, Spanish) - Appointed by the Chairman of the Administrative Council
Kap-You (Kevin) KIM (Korean) - Appointed by the Chairman of the Administrative Council -
June 1, 2022: Lawrence BOO (Singaporean) appointed following the resignation of Kap-You (Kevin) KIM (Korean)
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Freshfields Bruckhaus Deringer, New York, NY, U.S.A.
Three Crowns, London, U.K. -
Curtis, Mallet-Prevost, Colt & Mosle, New York, NY, U.S.A
De Jesús & De Jesús, Caracas, Venezuela and Paris, France -
English,Spanish
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Pending
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December 2, 2024 - The ad hoc Committee declares the proceeding closed in accordance with ICSID Arbitration Rules 38(1) and 53.
(a) Original Proceeding
Composition of Tribunal
Initial Composition of Tribunal
Party Representatives
(b) Rectification Proceeding
Party Representatives
(c) Annulment Proceeding
Composition of ad hoc Committee (Appointed by the Chairman of the Administrative Council)
Initial Composition of Tribunal
Party Representatives
(a) Original Proceeding
Published Decisions
Decision on the Proposal to Disqualify L. Yves Fortier, Q.C., Arbitrator
Decision on Jurisdiction and Merits
Decision on Respondent's Request for Reconsideration
Dissenting Opinion
Decision on the Proposal to Disqualify a Majority of the Tribunal
Dissenting Opinion to Decision on Jurisdiction and Merits
Decision on the Proposal to Disqualify a Majority of the Tribunal
Decision on the Proposal to Disqualify L. Yves Fortier, Q.C., Arbitrator
Decision on the Respondent's Request for Reconsideration
Dissenting Opinion by Arbitrator Andreas Bucher
Decision on the Proposal for Disqualification of Arbitrator L. Yves Fortier, Q.C.
Decision on the Proposal to Disqualify L. Yves Fortier, Q.C., Arbitrator
Interim Decision
Award of the Tribunal
Available on the ICSID Website
Decision on the Proposal to Disqualify L. Yves Fortier, Q.C., Arbitrator (February 27, 2012) English (Original)
Decision on Jurisdiction and Merits (September 3, 2013) English (Original); Spanish (Original)
Decision on Respondent's Request for Reconsideration (March 10, 2014) English (Original); Spanish (Original)
Dissenting Opinion (March 10, 2014) English (Original); Spanish (Original)
Decision on the Proposal to Disqualify a Majority of the Tribunal (May 5, 2014) English (Original); Spanish (Original)
Dissenting Opinion to Decision on Jurisdiction and Merits (February 19, 2015) English (Original)
Decision on the Proposal to Disqualify a Majority of the Tribunal (July 1, 2015) English (Original); Spanish (Original)
Decision on the Proposal to Disqualify L. Yves Fortier, Q.C., Arbitrator (December 15, 2015) English (Original)
Decision on the Respondent's Request for Reconsideration (February 9, 2016) English (Original)
Dissenting Opinion by Arbitrator Andreas Bucher (February 9, 2016) English (Original)
Decision on the Proposal for Disqualification of Arbitrator L. Yves Fortier, Q.C. (March 15, 2016) English (Original)
Decision on the Proposal to Disqualify L. Yves Fortier, Q.C., Arbitrator (July 26, 2016) English (Original)
Interim Decision (January 17, 2017) English (Original)
Award of the Tribunal (March 8, 2019) English (Original); Spanish (Original)
(b) Rectification Proceeding
Published Decisions
Decision on the Rectification of the Award
Available on the ICSID Website
Decision on the Rectification of the Award (August 29, 2019) English (Original); Spanish (Original)
(c) Annulment Proceeding
Published Decisions
Order on Applicant's Representation
Lord Phillips Recomendation
Chair's Decision on the Proposal for Disqualification
Procedural Order No. 1
Order on Venezuela Request for Reconsideration
Decision on Stay of Enforcement
Procedural Order No. 2
Recommendation in Respect of the Proposal for the Disqualification of Judge Dominique Hascher and Professor Diego Fernández Arroyo
Chairman's Decision on the Disqualification of Judge Dominique Hascher and Professor Diego Fernández Arroyo
Order on the Applicant's Request for Reconsideration of the Decision of 29 September 2021 Discontinuing the Stay of Enforcement
Order on the Applicant's Third Request for Reconsideration of 21 September 2021 on the Issue of Venezuela's Legal Representation
Procedural Order No. 3
Available on the ICSID Website
Order on Applicant's Representation (April 3, 2020) English (Original); Spanish (Original)
Lord Phillips Recomendation (July 10, 2020) English (Original)
Chair's Decision on the Proposal for Disqualification (July 23, 2020) English (Original)
Procedural Order No. 1 (August 28, 2020) English (Original); Spanish (Original)
Order on Venezuela Request for Reconsideration (November 2, 2020) English (Original)
Decision on Stay of Enforcement (November 2, 2020) English (Original)
Procedural Order No. 2 (September 29, 2021) English (Original)
Recommendation in Respect of the Proposal for the Disqualification of Judge Dominique Hascher and Professor Diego Fernández Arroyo (September 16, 2022) English (Original)
Chairman's Decision on the Disqualification of Judge Dominique Hascher and Professor Diego Fernández Arroyo (September 27, 2022) English (Original)
Order on the Applicant's Request for Reconsideration of the Decision of 29 September 2021 Discontinuing the Stay of Enforcement (February 15, 2023) English (Original)
Order on the Applicant's Third Request for Reconsideration of 21 September 2021 on the Issue of Venezuela's Legal Representation (February 15, 2023) English (Original)
Procedural Order No. 3 (September 22, 2023) English (Original)
(a) Original Proceeding
Date | Development |
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December 13, 2007 | The Secretary-General registers a request for the institution of arbitration proceedings. |
July 23, 2008 | The Tribunal is constituted. Its members are: Kenneth Keith (New Zealand), President; Ian Brownlie (British); and L. Yves Fortier (Canadian). |
September 8, 2008 | The Respondent files a request to deal with the objections to jurisdiction as a preliminary matter. |
September 13, 2008 | The Tribunal holds a first session at The Hague. |
September 16, 2008 | The Claimants file a memorial on the merits. |
December 1, 2008 | The Respondent files a memorial on jurisdiction. |
December 8, 2008 | The Claimants file observations on the Respondent's request to deal with the objections to jurisdiction as a preliminary matter. |
December 22, 2008 | The Respondent files a response to the Claimants' observations on the request to deal with the objections to jurisdiction as a preliminary matter. |
January 23, 2009 | The Tribunal issues a procedural order concerning the Respondent’s request to deal with the objections to jurisdiction as a preliminary matter. |
July 27, 2009 | The Respondent files a counter-memorial on the merits. |
August 24, 2009 | The Claimants file a request for production of documents. |
September 14, 2009 | The Respondent files observations on the Claimant’s request for production of documents. |
November 2, 2009 | The Claimants file a reply on the merits. |
January 4, 2010 | Following the passing away of Ian Brownlie, the Centre notifies the parties of the vacancy on the Tribunal and of the suspension of the proceeding. |
February 1, 2010 | The Tribunal is reconstituted. Its members are: Kenneth Keith (New Zealand), President; Georges Abi-Saab (Egyptian); and L. Yves Fortier (Canadian). The Respondent files a rejoinder on the merits. |
March 11, 2010 | The Tribunal holds a pre-hearing conference with the parties by telephone. |
March 19, 2010 | The Claimants file a further request for production of documents. |
March 23, 2010 | The Tribunal issues a procedural order concerning matters of a hearing. |
March 26, 2010 | The Respondent files observations on the Claimants’ request for production of documents. |
March 31, 2010 | The Claimants file a response to the Respondent’s observations of March 26, 2010. |
May 31, 2010 - June 13, 2010 | The Tribunal holds a hearing on the merits at The Hague. |
October 5, 2011 | The Respondent files a proposal for disqualification of arbitrator L. Yves Fortier. The proceeding is suspended in accordance with ICSID Arbitration Rule 9(6). |
October 24, 2011 | The Respondent files further observations on the proposal for disqualification. |
October 25, 2011 | The Claimants file observations on the proposal for disqualification. |
November 18, 2011 | The arbitrator furnishes explanations regarding the proposal for disqualification in accordance with ICSID Arbitration Rule 9(3). |
December 1, 2011 | The Respondent files further observations on the proposal for disqualification. |
December 2, 2011 | The Claimants file further observations on the proposal for disqualification. |
February 27, 2012 | The proposal for disqualification of arbitrator L. Yves Fortier is declined. The proceeding is resumed pursuant to ICSID Arbitration Rule 9(6). |
May 25, 2012 | The Claimants file a request for the admissibility of new evidence. |
June 8, 2012 | The Respondent files observations on the Claimants' request of May 25, 2012. |
July 4, 2012 | The Tribunal decides on the Claimants' request of May 25, 2012. |
July 11, 2012 | The Claimants file new evidence. |
July 25, 2012 | The Respondent files observations on the evidence filed by the Claimants on July 11, 2012. |
August 3, 2012 | The Claimants file further observations on the evidence filed on July 11, 2012. |
September 3, 2013 | The Tribunal issues a decision on jurisdiction and liability. A dissenting opinion by arbitrator Georges Abi-Saab dated February 19, 2015 is attached to the decision. |
September 8, 2013 | The Respondent files a request for reconsideration of the Tribunal's decision of September 03, 2013. |
October 1, 2013 | The Tribunal issues directions concerning the procedural calendar and the conduct of the proceedings. |
October 28, 2013 | Each party files a submission pursuant to the Tribunal's directions of October 1, 2013. |
November 25, 2013 | Each party files a second submission pursuant to the Tribunal's directions of October 1, 2013. |
March 10, 2014 | The Tribunal issues a decision on the Respondent's request of September 08, 2013; attached to the decision is a dissenting opinion by arbitrator Georges Abi-Saab. |
March 11, 2014 | The Respondent files a proposal for disqualification of arbitrators Kenneth Keith and L. Yves Fortier. The proceeding is suspended in accordance with ICSID Arbitration Rule 9(6). |
March 21, 2014 | The Respondent files observations on the proposal for disqualification. |
March 28, 2014 | The Claimants file a response to the Respondent's observations of March 21, 2014. |
April 4, 2014 | Arbitrator L. Yves Fortier furnishes explanations regarding the proposal for disqualification in accordance with ICSID Arbitration Rule 9(3). |
April 14, 2014 | Each party files further observations on the proposal for disqualification. |
May 5, 2014 | The proposal for disqualification of arbitrators Kenneth Keith and L. Yves Fortier is declined by the Chairman of the Administrative Council. The proceeding is resumed pursuant to ICSID Arbitration Rule 9(6). |
May 19, 2014 | The Claimants file a memorial on quantum. The Claimants file a request for the production of documents. |
May 23, 2014 | The Respondent files a request for the production of documents. |
June 4, 2014 | The Claimants file observations on the Respondent's request of May 23, 2014. |
June 6, 2014 | The Respondent files a response to the Claimants' observations of June 4, 2014. |
June 23, 2014 | The Tribunal decides on production of documents. |
July 18, 2014 | The Respondent files observations on the Claimants’ request for the Tribunal to decide on production of documents. |
July 24, 2014 | The Claimants file a response to the Respondent’s observations of July 18, 2014. |
August 1, 2014 | The Tribunal decides on production of documents. |
August 18, 2014 | The Respondent files a counter-memorial on quantum. |
September 15, 2014 | The Claimants file a request for the Tribunal to decide on production of documents. |
October 3, 2014 | The Respondent files observations on the Claimants’ request for the Tribunal to decide on production of documents. |
October 13, 2014 | The Claimants file a reply on quantum. |
October 15, 2014 | The Claimants file a response to the Respondent's observations of October 3, 2014. |
October 21, 2014 | The Tribunal decides on production of documents. |
January 7, 2015 | The Respondent files a rejoinder on quantum. |
February 6, 2015 | The Respondent files a proposal for disqualification of arbitrator L. Yves Fortier. The proceeding is suspended in accordance with ICSID Arbitration Rule 9(6). |
February 9, 2015 | The Claimants file observations on the proposal for disqualification. |
February 10, 2015 | The Respondent files further observations on the proposal for disqualification. |
February 12, 2015 | The Claimants file further observations on the proposal for disqualification. |
February 13, 2015 | Arbitrator L. Yves Fortier furnishes explanations regarding the proposal for disqualification in accordance with ICSID Arbitration Rule 9(3). |
February 16, 2015 | Each party files further observations on the proposal for disqualification. |
February 20, 2015 | Following the resignation of arbitrator Georges Abi-Saab, the Centre notifies the parties of the vacancy on the Tribunal. |
March 4, 2015 | The Tribunal does not consent to the resignation of arbitrator Georges Abi-Saab pursuant to ICSID Arbitration Rule 8(2) and the Secretary-General notifies the parties thereof. |
March 25, 2015 | The Respondent files a proposal for disqualification of arbitrator Kenneth Keith and further observations on the proposed disqualification of arbitrator L. Yves Fortier. |
April 2, 2015 | The Respondent files observations on the proposal for disqualification. |
April 9, 2015 | The Claimants file observations on the proposal for disqualification. |
April 16, 2015 | The arbitrators furnish explanations regarding the proposal for disqualification in accordance with ICSID Arbitration Rule 9(3). |
April 23, 2015 | Each party files further observations on the proposal for disqualification. |
July 1, 2015 | The proposal for disqualification of arbitrators Kenneth Keith and L. Yves Fortier is declined by the Chairman of the Administrative Council. |
August 10, 2015 | Following the resignation of arbitrator Georges Abi-Saab, Andreas Bucher (Swiss) accepts his appointment as arbitrator, appointed by the Chairman of the Administrative Council in accordance with ICSID Arbitration Rule 11(2). The Tribunal is reconstituted. Its members are: Kenneth Keith (New Zealand), President, appointed by the Chairman of the Administrative Council; L. Yves Fortier (Canadian), appointed by the Claimants; and Andreas Bucher (Swiss) appointed by the Chairman of the Administrative Council in accordance with ICSID Arbitration Rule 11(2). The proceeding is resumed pursuant to ICSID Arbitration Rule 12. The Respondent files a request for reconsideration of the Tribunal's decision of March 10, 2014. |
November 9, 2015 | The Respondent files a proposal for disqualification of arbitrator L. Yves Fortier. The proceeding is suspended in accordance with ICSID Arbitration Rule 9(6). |
November 12, 2015 | The Claimants file observations on the proposal for disqualification. |
November 20, 2015 | Arbitrator L. Yves Fortier furnishes explanations regarding the proposal for disqualification in accordance with ICSID Arbitration Rule 9(3). |
November 27, 2015 | Each party files further observations on the proposal for disqualification. |
December 15, 2015 | The proposal for disqualification of arbitrator L. Yves Fortier is declined by the other two members of the Tribunal. The proceeding is resumed pursuant to ICSID Arbitration Rule 9(6). |
February 9, 2016 | The Tribunal issues a decision on the Respondent's request for Reconsideration of August 10, 2015; attached to the decision is a dissenting opinion by arbitrator Andreas Bucher. |
February 24, 2016 | The Tribunal holds a pre-hearing organizational meeting with the parties in Washington, D.C. |
February 26, 2016 | The Respondent files a proposal for disqualification of arbitrator L. Yves Fortier. The proceeding is suspended in accordance with ICSID Arbitration Rule 9(6). |
March 2, 2016 | The Claimants file observations on the proposal for disqualification. |
March 4, 2016 | Arbitrator L. Yves Fortier furnishes explanations regarding the proposal for disqualification in accordance with ICSID Arbitration Rule 9(3). |
March 8, 2016 | Each party files observations on the proposal for disqualification. |
March 15, 2016 | The proposal for disqualification of arbitrator L. Yves Fortier is declined by the other two members of the Tribunal. The proceeding is resumed pursuant to ICSID Arbitration Rule 9(6). |
March 21, 2016 | Following the resignation of Kenneth J. Keith, the Secretary-General notifies the parties of the vacancy on the Tribunal and the proceeding is suspended pursuant to the ICSID Arbitration Rule 10(2). |
April 20, 2016 | The Respondent files a request for reconsideration of the Tribunal's decision of February 9, 2016. |
April 21, 2016 | The Claimants file observations on the Respondent’s request of April 20, 2016. |
April 22, 2016 | Following the resignation of arbitrator Kenneth Keith, Eduardo Zuleta (Colombian) accepts his appointment as President of the Tribunal, appointed by the Chairman of the Administrative Council in accordance with ICSID Arbitration Rule 11(1). The Tribunal is reconstituted. Its members are: Eduardo Zuleta (Colombian), President, appointed by the Chairman of the Administrative Council in accordance with ICSID Arbitration Rule 11(1); L. Yves Fortier (Canadian), appointed by the Claimants; and Andreas Bucher (Swiss), appointed by the Chairman of the Administrative Council in accordance with ICSID Arbitration Rule 11(2). The proceeding is resumed pursuant to ICSID Arbitration Rule 12. |
July 22, 2016 | The Respondent files a proposal for disqualification of arbitrator L. Yves Fortier. The proceeding is suspended in accordance with ICSID Arbitration Rule 9(6). The Claimants file observations on the proposal for disqualification. |
July 25, 2016 | Arbitrator L. Yves Fortier furnishes explanations regarding the proposal for disqualification in accordance with ICSID Arbitration Rule 9(3). |
July 26, 2016 | The proposal for disqualification of arbitrator L. Yves Fortier is declined by the other two members of the Tribunal. The proceeding is resumed pursuant to ICSID Arbitration Rule 9(6). |
August 15, 2016 - August 19, 2016 | The Tribunal holds a hearing on quantum in Washington, D.C. |
August 19, 2016 | The Tribunal issues Procedural Order No. 4 concerning procedural matters. |
September 19, 2016 | Each party files a post-hearing brief. |
January 17, 2017 | The Tribunal issues an interim decision. |
February 21, 2017 - February 25, 2017 | The Tribunal holds a further hearing on quantum in Washington, D.C. |
March 27, 2017 - March 31, 2017 | The Tribunal holds a further hearing on quantum in Washington, D.C. |
May 19, 2017 | Each party files a post-hearing brief. |
September 19, 2017 - September 21, 2017 | The Tribunal holds a further hearing on quantum in Washington, D.C. |
April 16, 2018 | Each party files a statement of costs. |
May 3, 2018 | Each party files observations on the other party’s statement of costs. |
February 8, 2019 | The Tribunal declares the proceeding closed in accordance with ICSID Arbitration Rule 38(1). |
March 8, 2019 | The Tribunal renders its award. |
(b) Rectification Proceeding
Date | Development |
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April 18, 2019 | The Secretary-General registers a request for rectification of the award filed by the Bolivarian Republic of Venezuela. |
May 10, 2019 | ConocoPhillips Petrozuata B.V., ConocoPhillips Hamaca B.V. and ConocoPhillips Gulf of Paria B.V. file observations on the Bolivarian Republic of Venezuela’s request of April 18, 2019. |
August 29, 2019 | The Tribunal issues a decision on the rectification of the award. |
(c) Annulment Proceeding
Date | Development |
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December 16, 2019 | The Secretary-General registers an application for annulment of the award filed by the Bolivarian Republic of Venezuela and notifies the parties of the provisional stay of enforcement of the award. |
February 3, 2020 | The ad hoc Committee is constituted in accordance with Article 52(3) of the ICSID Convention. Its members are: Dominique Hascher (French), President; Diego Fernández Arroyo (Argentine/Spanish); and Kap-You Kim (Korean); all members appointed by the Chairman of the Administrative Council. |
February 4, 2020 | ConocoPhillips Petrozuata B.V., ConocoPhillips Hamaca B.V. and ConocoPhillips Gulf of Paria B.V. file observations on the Bolivarian Republic of Venezuela’s request to continue the stay of enforcement of the award. |
March 16, 2020 | The Bolivarian Republic of Venezuela files a response to ConocoPhillips Petrozuata B.V., ConocoPhillips Hamaca B.V. and ConocoPhillips Gulf of Paria B.V.’s observations of February 4, 2020. |
March 25, 2020 | The ad hoc Committee holds a first session. |
April 16, 2020 | The Bolivarian Republic of Venezuela files a proposal for disqualification of ad hoc Committee members Dominique Hascher, Diego P. Fernández Arroyo and Kap-You (Kevin) Kim. The proceeding is suspended in accordance with ICSID Arbitration Rules 53 and 9(6). |
May 1, 2020 | The arbitrators furnish explanations regarding the proposal for disqualification in accordance with ICSID Arbitration Rule 9(3). |
May 8, 2020 | Each party files further observations on the proposal for disqualification. |
July 23, 2020 | The proposal for disqualification of ad hoc Committee members Dominique Hascher, Diego P. Fernández Arroyo and Kap-You (Kevin) Kim is declined by the Chairman of the Administrative Council. The proceeding is resumed pursuant to ICSID Arbitration Rules 53 and 9(6). |
August 28, 2020 | The Tribunal issues Procedural Order No. 1 concerning procedural matters. |
September 30, 2020 | The ad hoc Committee holds a hearing on the stay of enforcement of the award by video conference. |
November 2, 2020 | The ad hoc Committee issues a decision on the continuation of the stay of enforcement of the award. |
November 2, 2020 | The ad hoc Committee issues a procedural order on the Respondent's request for Reconsideration. |
November 26, 2020 | The Bolivarian Republic of Venezuela files a memorial on annulment. |
February 24, 2021 | ConocoPhillips Petrozuata B.V., ConocoPhillips Hamaca B.V. and ConocoPhillips Gulf of Paria B.V. file a counter-memorial on annulment. |
May 10, 2021 | The Bolivarian Republic of Venezuela files a reply on annulment. |
July 9, 2021 | The ad hoc Committee poses questions to the parties. |
July 23, 2021 | ConocoPhillips Petrozuata B.V., ConocoPhillips Hamaca B.V. and ConocoPhillips Gulf of Paria B.V. file a rejoinder on annulment. |
September 29, 2021 | The ad hoc Committee issues a decision on the continuation of the stay of enforcement of the award. |
September 29, 2021 | The ad hoc Committee issues Procedural Order No. 2 concerning the hearing on annulment. |
October 4, 2021 | The Bolivarian Republic of Venezuela files a request for reconsideration of the ad hoc Committee’s decision of September 29, 2021. |
October 7, 2021 | The Secretary-General moves that the ad hoc Committee stay the proceeding for lack of payment of the required advances, pursuant to ICSID Administrative and Financial Regulations 14(3)(d) and (e). |
October 13, 2021 | ConocoPhillips Petrozuata B.V., ConocoPhillips Hamaca B.V. and ConocoPhillips Gulf files observations on the Bolivarian Republic of Venezuela's request of October 4, 2021. |
October 14, 2021 | The ad hoc Committee stays the proceeding for lack of payment of the required advances, pursuant to ICSID Administrative and Financial Regulations 14(3)(d) and (e). |
March 14, 2022 | The proceeding is resumed following payment of the required advance. |
March 18, 2022 | Following the resignation of committee member Kap-You (Kevin) Kim, the Secretary-General notifies the parties of the vacancy on the Committee and the proceeding is suspended pursuant to ICSID Arbitration Rules 10(2) and 53. |
June 1, 2022 | The ad hoc Committee is reconstituted. Its members are Dominique Hascher (French), President, Diego Fernández Arroyo (Argentine, Spanish) and Lawrence Boo (Singaporean), all appointed by the Chairman of the Administrative Council. The proceeding is resumed pursuant to ICSID Arbitration Rules 12 and 53. |
June 12, 2022 | The Bolivarian Republic of Venezuela files a proposal for disqualification of ad hoc Committee members Dominique Hascher and Prof. Diego Fernández Arroyo. The proceeding is suspended in accordance with ICSID Arbitration Rules 53 and 9(6). |
June 24, 2022 | ConocoPhillips Petrozuata B.V., ConocoPhillips Hamaca B.V. and ConocoPhillips Gulf of Paria B.V. file observations on the proposal for disqualification. |
June 29, 2022 | The members of the ad hoc Committee furnish explanations regarding the proposal for disqualification in accordance with ICSID Arbitration Rules 53 and 9(3). |
July 7, 2022 | Each party files further observations on the proposal for disqualification. |
September 27, 2022 | The proposal for disqualification of ad hoc Committee member Dominique Hascher and Prof. Diego Fernández Arroyo is declined by the Chairman of the Administrative Council. The proceeding is resumed pursuant to ICSID Arbitration Rules 53 and 9(6). |
February 15, 2023 | The ad hoc Committee issues a procedural order on the Bolivarian Republic of Venezuela’s request for Reconsideration of its order of November 2, 2020. |
February 15, 2023 | The ad hoc Committee issues a procedural order on the Bolivarian Republic of Venezuela’s request for Reconsideration of its decision of September 29, 2021. |
September 12, 2023 | The Bolivarian Republic of Venezuela files a request for reconsideration of the ad hoc Committee’s decision of February 15, 2023. |
September 18, 2023 | The Bolivarian Republic of Venezuela files a request for the ad hoc Committee to decide on the admissibility of new evidence. |
September 22, 2023 | The ad hoc Committee issues Procedural Order No. 3 concerning the organization of the hearing. |
September 29, 2023 | ConocoPhillips Petrozuata B.V., ConocoPhillips Hamaca B.V. and ConocoPhillips Gulf of Paria B.V. file a request for the ad hoc Committee to decide on the admissibility of new evidence. |
September 29, 2023 | ConocoPhillips Petrozuata B.V., ConocoPhillips Hamaca B.V. and ConocoPhillips Gulf of Paria B.V. and the Bolivarian Republic of Venezuela file observations on the Bolivarian Republic of Venezuela’s request of September 18, 2023. |
October 6, 2023 | ConocoPhillips Petrozuata B.V., ConocoPhillips Hamaca B.V. and ConocoPhillips Gulf files observations on the Bolivarian Republic of Venezuela's request of September 12, 2023. |
October 6, 2023 | The Bolivarian Republic of Venezuela files observations on the Bolivarian Republic of Venezuela's request of September 12, 2023. |
October 6, 2023 | The Bolivarian Republic of Venezuela files observations on ConocoPhillips Petrozuata B.V., ConocoPhillips Hamaca B.V. and ConocoPhillips Gulf of Paria B.V.’s request of September 29, 2023. |
October 8, 2023 | The Bolivarian Republic of Venezuela files further comments on its request of September 12, 2023. |
October 10, 2023 | The ad hoc Committee decides on the Bolivarian Republic of Venezuela’s request of September 18, 2023, and on ConocoPhillips Petrozuata B.V., ConocoPhillips Hamaca B.V. and ConocoPhillips Gulf’s request of September 29, 2023, concerning the admissibility of new documents. |
October 11, 2023 | ConocoPhillips Petrozuata B.V., ConocoPhillips Hamaca B.V. and ConocoPhillips Gulf of Paria B.V. and the Bolivarian Republic of Venezuela file further observations on the Bolivarian Republic of Venezuela’s request of September 12, 2023. |
October 18, 2023 - October 20, 2023 | The ad hoc Committee holds a hearing on annulment in Paris and by videoconference. |
December 15, 2023 | Each party files a statement of costs. |
December 2, 2024 | The ad hoc Committee declares the proceeding closed in accordance with ICSID Arbitration Rules 38(1) and 53. |