Arbitral Digest

Matter

Astaris, [W] and Webuild v Bolivarian Republic of Venezuela and Instituto de Ferrocarriles del Estado (Paris Court of Appeal RG 23/11499)

Case no.
24538/JPA/AJP
Applicable rules
ICC Arbitration Rules
  1. 20 March 2023Arbitration

    20 March 2023Arbitration

    ICC Arbitral Award in case 24538/JPA/AJP dated 20 March 2023

    International Court of Arbitration of the International Chamber of Commerce

    Decision summary
    The arbitral tribunal declared that it lacked jurisdiction over the claimants' claims, revoked the interim measures granted in the arbitration, allocated the arbitration costs to the claimants, ordered payments to Venezuela and IFE, and rejected the parties' remaining claims.

    Supporting details

    8 participants
    Astaris S.p.A.
    [W] S.p.A.
    Webuild S.p.A.
    Bolivarian Republic of Venezuela
    Instituto de Ferrocarriles del Estado
    International Court of Arbitration of the International Chamber of Commerce
    Arbitrator
    [U] [B] [Y]
    Arbitrator
    [F] [S]
    Arbitrator
    [C] [R]

    2 years, 6 months and 10 days later · 925 days

  2. 30 September 2025France

    30 September 2025France

    Judgment of the Paris Court of Appeal, International Commercial Chamber, in case RG 23/11499 dated 30 September 2025

    Paris Court of Appeal, International Commercial Chamber

    Case no.
    RG 23/11499
    Decision summary
    The Paris Court of Appeal declared inadmissible the claim that the arbitral tribunal lacked jurisdiction and rejected the application to set aside the ICC award of 20 March 2023. The rejection confers exequatur on the award; the claimants were ordered to pay the costs and EUR 150,000 to Venezuela and IFE under Article 700 of the French Code of Civil Procedure.

    Supporting details

    4 authorities · 19 participants
    Astaris S.p.A.
    Representative
    Matthieu Boccon Gibod (For: Astaris S.p.A. · [W] S.p.A. · Webuild S.p.A.)
    Representative
    Christophe Seraglini (For: Astaris S.p.A. · [W] S.p.A. · Webuild S.p.A.)
    Representative
    Clara Forin (For: Astaris S.p.A. · [W] S.p.A. · Webuild S.p.A.)
    Representative
    Clara Bianchi Ferran (For: Astaris S.p.A. · [W] S.p.A. · Webuild S.p.A.)
    Representative
    Freshfields LLP (For: Astaris S.p.A. · [W] S.p.A. · Webuild S.p.A.)
    [W] S.p.A.
    Representative
    Matthieu Boccon Gibod (For: Astaris S.p.A. · [W] S.p.A. · Webuild S.p.A.)
    Representative
    Christophe Seraglini (For: Astaris S.p.A. · [W] S.p.A. · Webuild S.p.A.)
    Representative
    Clara Forin (For: Astaris S.p.A. · [W] S.p.A. · Webuild S.p.A.)
    Representative
    Clara Bianchi Ferran (For: Astaris S.p.A. · [W] S.p.A. · Webuild S.p.A.)
    Representative
    Freshfields LLP (For: Astaris S.p.A. · [W] S.p.A. · Webuild S.p.A.)
    Webuild S.p.A.
    Representative
    Matthieu Boccon Gibod (For: Astaris S.p.A. · [W] S.p.A. · Webuild S.p.A.)
    Representative
    Christophe Seraglini (For: Astaris S.p.A. · [W] S.p.A. · Webuild S.p.A.)
    Representative
    Clara Forin (For: Astaris S.p.A. · [W] S.p.A. · Webuild S.p.A.)
    Representative
    Clara Bianchi Ferran (For: Astaris S.p.A. · [W] S.p.A. · Webuild S.p.A.)
    Representative
    Freshfields LLP (For: Astaris S.p.A. · [W] S.p.A. · Webuild S.p.A.)
    Bolivarian Republic of Venezuela
    Representative
    Luca De Maria (For: Bolivarian Republic of Venezuela · Instituto de Ferrocarriles del Estado)
    Representative
    Alfredo De Jesus O. (For: Bolivarian Republic of Venezuela · Instituto de Ferrocarriles del Estado)
    Representative
    Fannie Bruneau (For: Bolivarian Republic of Venezuela · Instituto de Ferrocarriles del Estado)
    Representative
    SELARL Pellerin - De Maria - Guerre (For: Bolivarian Republic of Venezuela · Instituto de Ferrocarriles del Estado)
    Representative
    SELARL Alfredo De Jesus O. Transnational Arbitration & Litigation (For: Bolivarian Republic of Venezuela · Instituto de Ferrocarriles del Estado)
    Instituto de Ferrocarriles del Estado
    Representative
    Luca De Maria (For: Bolivarian Republic of Venezuela · Instituto de Ferrocarriles del Estado)
    Representative
    Alfredo De Jesus O. (For: Bolivarian Republic of Venezuela · Instituto de Ferrocarriles del Estado)
    Representative
    Fannie Bruneau (For: Bolivarian Republic of Venezuela · Instituto de Ferrocarriles del Estado)
    Representative
    SELARL Pellerin - De Maria - Guerre (For: Bolivarian Republic of Venezuela · Instituto de Ferrocarriles del Estado)
    Representative
    SELARL Alfredo De Jesus O. Transnational Arbitration & Litigation (For: Bolivarian Republic of Venezuela · Instituto de Ferrocarriles del Estado)
    Paris Court of Appeal, International Commercial Chamber
    Other
    Institutional administrator
    Najma El Farissi

    Authorities cited

    4
    • French Code of Civil Procedure
      statute
    • Framework Agreement on Economic, Industrial, Infrastructure and Development Cooperation
      treaty
    • Convention of [Location 10] on the Law of Treaties dated 23 May 1969
      treaty
    • Judgment [G]
      case-law

Matter record

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Astaris, [W] and Webuild v Bolivarian Republic of Venezuela and Instituto de Ferrocarriles del Estado (Paris Court of Appeal RG 23/11499) · Matter