Arbitral Digest

Matter

Brandes Investment Partners, LP v. Bolivarian Republic of Venezuela (ICSID Case No. ARB/08/3)

Case no.
ARB/08/3
Applicable rules
ICSID Arbitration Rules
  1. 2 February 2009Arbitration

    2 February 2009Arbitration

    Decision on the Respondent's Objection under Rule 41(5) of the ICSID Arbitration Rules dated 2 February 2009

    International Centre for Settlement of Investment Disputes

    Decision summary
    The tribunal rejected the Respondent's objections under Rule 41(5). It held that Rule 41(5) permits an expedited finding concerning jurisdiction and competence, but found that the waiver and standing issues required complex legal and factual examination and could not be resolved in the summary proceedings. The tribunal reserved all other issues, including costs, to a further order, decision, or award, and directed that the further procedure follow the agreement reached at the first session.

    Supporting details

    8 authorities · 19 participants
    Brandes Investment Partners, LP
    Representative
    Mr. Michael D. Nolan (For: Brandes Investment Partners, LP)
    Representative
    Ms. Lesley A. Benn (For: Brandes Investment Partners, LP)
    Representative
    Ms. Elitza Popova-Talty (For: Brandes Investment Partners, LP)
    Representative
    Mr. Frederic Sourgens (For: Brandes Investment Partners, LP)
    Representative
    Milbank, Tweed, Hadley & McCloy LLP (For: Brandes Investment Partners, LP)
    Bolivarian Republic of Venezuela
    Representative
    Mr. Andres Mezgravis (For: Bolivarian Republic of Venezuela)
    Representative
    Travieso, Evans, Arria, Rengel & Paz (For: Bolivarian Republic of Venezuela)
    Representative
    Mr. George Kahale III (For: Bolivarian Republic of Venezuela)
    Representative
    Mr. Mark H. O'Donoghue (For: Bolivarian Republic of Venezuela)
    Representative
    Mr. Benard V. Preziosi, Jr. (For: Bolivarian Republic of Venezuela)
    Representative
    Ms. Miriam K. Harwood (For: Bolivarian Republic of Venezuela)
    Representative
    Curtis, Mallet-Prevost, Colt & Mosle LLP (For: Bolivarian Republic of Venezuela)
    Representative
    Ms. Gabriela Alvarez-Avila (For: Bolivarian Republic of Venezuela)
    International Centre for Settlement of Investment Disputes
    Tribunal secretary
    Ms. Katia Yannaca-Small

    Authorities cited

    8
    • Convention on the Settlement of Investment Disputes between States and Nationals of Other States (ICSID Convention)
      statute
    • Trans-Global Petroleum, Inc. v. Hashemite Kingdom of Jordan (ICSID Case No. ARB/07/25)
      case-law
    • Saipem S.p.A. v. People's Republic of Bangladesh (ICSID Case No. ARB/05/07)
      case-law
    • Industria Nacional de Alimentos, S.A. and Indalsa Peru, S.A. v. Republic of Peru (ICSID Case No. ARB/03/4)
      case-law
    • Bayindir Insaat Turizm Ticaret Ve Sanayi A.S. v. Islamic Republic of Pakistan (ICSID Case No. ARB/03/29)
      case-law
    • Inceysa Vallisoletana S.L. v. Republic of El Salvador (ICSID Case No. ARB/03/26)
      case-law
    • The 2006 Amendments to the ICSID Rules and Regulations and the Additional Facility Rules (ICSID Review - Foreign Investment Law Journal, Vol. 21, No. 2 (Fall 2006), pp. 439-440)
      academic
    • The Development of the Regulations and Rules of the International Centre for Settlement of Investment Disputes (International Lawyer, Vol. 41, No. 1 (Spring 2007), p. 56)
      academic

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Brandes Investment Partners, LP v. Bolivarian Republic of Venezuela (ICSID Case No. ARB/08/3) · Matter