Matter
Desert Line Projects LLC v. Republic of Yemen (ICSID Case No. ARB/05/17)
- 9 August 2004Arbitration
9 August 2004Arbitration
Yemeni Arbitral Award dated 9 August 2004
International Centre for Settlement of Investment Disputes
- Decision summary
- The Yemeni Arbitral Tribunal awarded YER 18,447,857,500 for road construction projects and YER 1,520,620,929 for additional costs, subject to the Award's terms and deduction of amounts already paid, and required the legally required guarantees to be maintained until the stated obligations were cured.
Supporting details
International Centre for Settlement of Investment Disputes
1 year, 7 months and 7 days later · 584 days
- 16 March 2006Arbitration
16 March 2006Arbitration
Procedural Order No. 1 dated 16 March 2006
International Centre for Settlement of Investment Disputes
- Decision summary
- The Tribunal directed the parties to submit witness statements with their second exchange of briefs and allowed possible supplementary witness statements by the Claimant in response to the Respondent's Rejoinder, subject to authorization.
Supporting details
International Centre for Settlement of Investment Disputes
3 months and 3 days later · 95 days
- 19 June 2006Arbitration
19 June 2006Arbitration
Procedural Order No. 2 dated 19 June 2006
International Centre for Settlement of Investment Disputes
- Decision summary
- The Tribunal held the Claimant's document-production request premature, reserved consideration after the first exchange of briefs, and amended the filing timetable.
Supporting details
International Centre for Settlement of Investment Disputes
5 months and 3 days later · 156 days
- 22 November 2006Arbitration
22 November 2006Arbitration
Procedural Order No. 3 dated 22 November 2006
International Centre for Settlement of Investment Disputes
- Decision summary
- The Tribunal joined the jurisdictional objections to the merits and amended the timetable for the Respondent's Counter-Memorial and subsequent written pleadings.
Supporting details
International Centre for Settlement of Investment Disputes
8 days later · 8 days
- 30 November 2006Arbitration
30 November 2006Arbitration
Procedural Order No. 4 dated 30 November 2006
International Centre for Settlement of Investment Disputes
- Decision summary
- The Tribunal partly accepted the Respondent's request for an extension of time, fixed revised filing dates, and requested the parties' availability for new oral-hearing dates.
Supporting details
International Centre for Settlement of Investment Disputes
5 months and 15 days later · 166 days
- 15 May 2007Arbitration
15 May 2007Arbitration
Procedural Order No. 5 dated 15 May 2007
International Centre for Settlement of Investment Disputes
- Decision summary
- The Tribunal suspended the Claimant's request to summon the Yemeni President and Prime Minister as witnesses and reserved the issue for decision during or after the June 2007 hearing.
Supporting details
International Centre for Settlement of Investment Disputes
8 days later · 8 days
- 23 May 2007Arbitration
23 May 2007Arbitration
Procedural Order No. 6 dated 23 May 2007
International Centre for Settlement of Investment Disputes
- Decision summary
- The Tribunal ordered the organisation of the witness hearings scheduled for June 2007.
Supporting details
International Centre for Settlement of Investment Disputes
8 months and 14 days later · 259 days
- 6 February 2008Arbitration
6 February 2008Arbitration
Award dated 6 February 2008
International Centre for Settlement of Investment Disputes
- Decision summary
- The Tribunal found that it had jurisdiction, held that the Settlement Agreement contravened Yemen's obligations under Article 3 of the Yemen-Oman Bilateral Investment Treaty and had no international effect, and ordered implementation of the Yemeni Arbitral Award. It dismissed Yemen's counterclaims and other claims, awarded compensation equivalent to YER 3,585,446,554 in Omani rials and USD 1,000,000 in moral damages, ordered 5% simple interest on the specified amounts subject to the stated conditions, allocated arbitration costs 30% to Desert Line and 70% to Yemen, and ordered Yemen to pay USD 400,000 in legal expenses.
Supporting details
10 authorities · 12 participantsDesert Line Projects LLC
- Representative
- Hamid G. Gharavi (For: Desert Line Projects LLC)
- Representative
- Raed Fathallah (For: Desert Line Projects LLC)
Republic of Yemen
- Representative
- Rashed Al Rassas (For: Republic of Yemen)
- Representative
- Rodman R. Bundy (For: Republic of Yemen)
- Representative
- Loretta Malintoppi (For: Republic of Yemen)
- Representative
- Charles Claypoole (For: Republic of Yemen)
International Centre for Settlement of Investment Disputes
- Arbitrator
- Pierre Tercier
- Arbitrator
- Jan Paulsson
- Arbitrator
- Ahmed S. El-Kosheri
- Tribunal secretary
- Milanka Kostadinova