Case Details

Ayoub-Farid Michel Saab v. United Republic of Tanzania (ICSID Case No. ARB/19/8)

Subject of Dispute:

Banking
Economic Sector:

Finance
Instrument(s) Invoked:

BIT Tanzania - Netherlands 2001
Applicable Rules:

ICSID Convention - Arbitration Rules

(a) Original Proceeding

Claimant(s)/Nationality(ies):

Ayoub-Farid Michel Saab (Dutch)
Respondent(s):

United Republic of Tanzania (Tanzanian)
Date Registered:

April 16, 2019
Date of Constitution of Tribunal:

July 6, 2020

Composition of Tribunal

President:

Nicolas ANGELET (Belgian) - Appointed by Co-Arbitrators
Arbitrators:

Arnaud DE NANTEUIL (French) - Appointed by the Claimant(s)
Gérard NIYUNGEKO (Burundi) - Appointed by the Respondent(s)

Party Representatives

Claimant(s):

Quinn Emanuel Urquhart & Sullivan, Paris, France
Madkour Law Firm, Beirut, Lebanon
Respondent(s):

Office of the Attorney General, Dar es Salaam, Tanzania
Language(s) of Proceeding:

English
Status of Proceeding:

Concluded
Outcome of Proceeding:

June 24, 2021 - The Tribunal issues an order taking note of the discontinuance of the proceeding pursuant to ICSID Administrative and Financial Regulation 14(3)(d).

No References Available.

(a) Original Proceeding

Date	Development
April 16, 2019	The Secretary-General registers a request for the institution of arbitration proceedings.
February 21, 2020	Following appointment by the Claimant, Arnaud de Nanteuil (French) accepts his appointment as arbitrator.
March 2, 2020	Following appointment by the Respondent, Gérard Niyungeko (Burundi) accepts his appointment as arbitrator.
July 4, 2020	Following appointment by his co-arbitrators, Nicolas Angelet (Belgian) accepts his appointment as presiding arbitrator.
July 6, 2020	The Tribunal is constituted in accordance with Article 37(2)(a). Its members are: Nicolas Angelet (Belgian), President, appointed by his co-arbitrators; Arnaud de Nanteuil (French), appointed by the Claimant; and Gérard Niyungeko (Burundi), appointed by the Respondent.
September 30, 2020	The Tribunal holds a First Session by telephone conference.
October 9, 2020	The Tribunal issues Procedural Order No. 1 concerning procedural matters.
October 20, 2020	The proceeding is stayed for non-payment of the required advances pursuant to ICSID Administrative and Financial Regulation 14(3)(d).
June 22, 2021	The Secretary-General moves that the Tribunal discontinue the proceeding pursuant to ICSID Administrative and Financial Regulation 14(3)(d).
June 24, 2021	The Tribunal issues an order taking note of the discontinuance of the proceeding pursuant to ICSID Administrative and Financial Regulation 14(3)(d).