Case Details

LSG Building Solutions GmbH and others v. Romania (ICSID Case No. ARB/18/19)

Subject of Dispute:

Renewable energy generation enterprise
Economic Sector:

Electric Power & Other Energy
Instrument(s) Invoked:

ECT (Energy Charter Treaty)
Applicable Rules:

ICSID Convention - Arbitration Rules

(a) Original Proceeding

Claimant(s)/Nationality(ies):

Core Value Capital GmbH (Austrian), SC LJG Green Source Energy Beta SRL (Romanian), Pressburg UK GmbH (German), Giust Ltd (Cypriot), Solluce Romania 1 B.V. (Dutch), Green Source Consulting GmbH (Austrian), Risen Energy Solar Project GmbH (German), LSG Building Solutions GmbH (Austrian), Core Value Investments GmbH & Co KG Gamma (Austrian), Anina Pro Invest Ltd (Cypriot)
Respondent(s):

Romania (Romanian)
Date Registered:

June 12, 2018
Date of Constitution of Tribunal:

January 24, 2019

Composition of Tribunal

President:

Juan FERNÁNDEZ-ARMESTO (Spanish) - Appointed by Co-Arbitrators
Arbitrators:

O. Thomas JOHNSON (U.S.) - Appointed by the Claimant(s)
Pierre-Marie DUPUY (French) - Appointed by the Respondent(s)

Party Representatives

Claimant(s):

King & Spalding, New York, NY, Houston, TX, U.S.A and Paris, France
Respondent(s):

Minister of Public Finance of Romania, Ministry of Public Finance, Bucharest, Romania
Curtis, Mallet-Prevost, Colt & Mosle, Paris, France and London, U.K.
Maravela & Asocia¿ii, Bucharest, Romania
Language(s) of Proceeding:

English
Status of Proceeding:

Concluded
Outcome of Proceeding:

February 20, 2024 -
The Tribunal renders its award; attached to the award is a dissenting opinion by arbitrator O. Thomas Johnson.

No References Available.

(a) Original Proceeding

Date	Development
June 12, 2018	The Secretary-General registers a request for the institution of arbitration proceedings.
September 17, 2018	Following appointment by the Claimants, O. Thomas Johnson, Jr. (U.S.) accepts his appointment as arbitrator.
October 4, 2018	Following appointment by the Respondent, Pierre-Marie Dupuy (French) accepts his appointment as arbitrator.
January 24, 2019	Following appointment by his co-arbitrators, Juan Fernández-Armesto (Spanish) accepts his appointment as presiding arbitrator.
January 24, 2019	The Tribunal is constituted in accordance with Article 37(2)(a) of the ICSID Convention. Its members are: Juan Fernández-Armesto (Spanish), President, appointed by his co-arbitrators; O. Thomas Johnson, Jr. (U.S.), appointed by the Claimants; and Pierre-Marie Dupuy (French), appointed by the Respondent.
February 5, 2019	A non-disputing party files an application to file a written submission pursuant to ICSID Arbitration Rule 37(2).
March 18, 2019	The Tribunal holds a first session by telephone conference.
March 28, 2019	The Tribunal issues Procedural Order No. 1 concerning procedural matters.
April 19, 2019	Each party files observations on the non-disputing party’s application.
May 13, 2019	The Tribunal issues a decision on the non-disputing party’s application to file a written submission pursuant to ICSID Arbitration Rule 37(2).
May 13, 2019	The Tribunal issues Procedural Order No. 2 concerning the non-disputing party’s application to file a written submission pursuant to ICSID Arbitration Rule 37(2).
July 25, 2019	The Claimants file a memorial on the merits.
August 14, 2019	The Respondent files a request to address the objections to jurisdiction as a preliminary question.
September 11, 2019	The Claimants file observations on the request to address the objections to jurisdiction as a preliminary question.
October 9, 2019	The Tribunal issues Procedural Order No. 3 concerning the Respondent’s request to address the objections to jurisdiction as a preliminary question.
January 24, 2020	The non-disputing party files a written submission pursuant to ICSID Arbitration Rule 37(2).
February 22, 2020	The Respondent files a counter-memorial on the merits and a memorial on jurisdiction.
April 21, 2020	The Tribunal issues Procedural Order No. 4 concerning production of documents.
April 21, 2020	The Tribunal issues a decision on production of documents.
July 3, 2020	The Claimants file a reply on the merits and a counter-memorial on jurisdiction.
October 30, 2020	The Respondent files a rejoinder on the merits and a reply on jurisdiction.
December 21, 2020	The Claimants file a rejoinder on jurisdiction.
January 25, 2021	The Tribunal holds a pre-hearing organizational meeting with the parties by video conference.
January 27, 2021	The Tribunal issues Procedural Order No. 5 concerning organization of the hearing.
February 15, 2021 - February 23, 2021	The Tribunals holds a hearing on jurisdiction and the merits by video conference.
March 2, 2021	The Tribunal issues Procedural Order No. 6 concerning procedural matters.
May 31, 2021	Each party files a post-hearing brief.
June 30, 2021	Each party files a statement of costs.
July 11, 2022	The Tribunal issues a decision on jurisdiction, liability and principles of reparation; attached to the decision is a dissenting opinion by arbitrator O. Thomas Johnson.
February 20, 2024	The Tribunal renders its award; attached to the award is a dissenting opinion by arbitrator O. Thomas Johnson.