Arbitral Digest

Matter

Renée Rose Levy de Levi v. Republic of Peru (ICSID Case No. ARB/10/17)

Renée Rose Levy's banking investment dispute with Peru, concerning state intervention in Banco Nuevo Mundo and objections to her acquired interest in the bank.

  • Investor-state arbitration
Case no.
ARB/10/17
Industry type
Financial and insurance activities

Procedural record

  1. 17 June 2011Arbitration

    17 June 2011Arbitration

    Decision on provisional measures dated 17 June 2011

    International Centre for Settlement of Investment Disputes

    Decision summary
    The Tribunal rejected the Claimant's request for provisional measures.

    Participants

    International Centre for Settlement of Investment Disputes

    24 days later · 24 days

  2. 11 July 2011Arbitration

    11 July 2011Arbitration

    Procedural Order No. 1

    International Centre for Settlement of Investment Disputes

    Decision summary
    The Tribunal issued an order concerning production of documents.

    Participants

    International Centre for Settlement of Investment Disputes

    1 day later · 1 days

  3. 12 July 2011Arbitration

    12 July 2011Arbitration

    Procedural Order No. 2

    International Centre for Settlement of Investment Disputes

    Decision summary
    The Tribunal issued an order concerning production of documents.

    Participants

    International Centre for Settlement of Investment Disputes

    21 days later · 21 days

  4. 2 August 2011Arbitration

    2 August 2011Arbitration

    Procedural Order No. 3

    International Centre for Settlement of Investment Disputes

    Decision summary
    The Tribunal issued an order concerning the procedural calendar.

    Participants

    International Centre for Settlement of Investment Disputes

    9 months later · 274 days

  5. 2 May 2012Arbitration

    2 May 2012Arbitration

    Procedural Order No. 4

    International Centre for Settlement of Investment Disputes

    Decision summary
    The Tribunal issued an order concerning production of documents.

    Participants

    International Centre for Settlement of Investment Disputes

    12 days later · 12 days

  6. 14 May 2012Arbitration

    14 May 2012Arbitration

    Procedural Order No. 5

    International Centre for Settlement of Investment Disputes

    Decision summary
    The Tribunal issued an order concerning production of documents.

    Participants

    International Centre for Settlement of Investment Disputes

    5 months and 4 days later · 157 days

  7. 18 October 2012Arbitration

    18 October 2012Arbitration

    Decision joining the objections to jurisdiction to the merits dated 18 October 2012

    International Centre for Settlement of Investment Disputes

    Decision summary
    The Tribunal joined the objections to jurisdiction to the merits of the proceeding.

    Participants

    International Centre for Settlement of Investment Disputes

    1 year, 4 months and 8 days later · 496 days

  8. 26 February 2014Arbitration

    26 February 2014Arbitration

    Award dated 26 February 2014

    International Centre for Settlement of Investment Disputes

    Decision summary
    The Tribunal declared that it had jurisdiction over the dispute and dismissed in its entirety the claims brought by Renée Rose Levy de Levi against the Republic of Peru. It rejected both parties' requests for moral damages and ordered Renée Rose Levy de Levi to bear her own costs and fees, the costs of ICSID, and the fees and expenses of the arbitrators; Peru was ordered to bear its own costs and expenses.

    Participants

    Renée Rose Levy de Levi
    Republic of Peru
    International Centre for Settlement of Investment Disputes
    Arbitrator
    Rodrigo Oreamuno
    Arbitrator
    Bernard Hanotiau
    Arbitrator
    Joaquín Morales Godoy
    Tribunal secretary
    Anneliese Fleckenstein

    Authorities cited

    9
    • Agreement between the Republic of Peru and the Republic of France on the Promotion and Protection of Investments (Peru-France APPRI, signed 6 October 1993)
      treaty
    • Convention on the Settlement of Investment Disputes between States and Nationals of Other States (ICSID Convention)
      treaty
    • ICSID Rules of Procedure for Arbitration Proceedings (ICSID Arbitration Rules)
      statute
    • IBA Rules on the Taking of Evidence in International Arbitration
      statute
    • Peruvian General Law on the Financial and Insurance Industry and Organic Law of the Superintendency of Banking and Insurance (Law 26702)
      statute
    • Peruvian Civil Code
      statute
    • Peruvian Central Reserve Bank Charter Act
      statute
    • Metalpar S.A. and Buen Aire S.A. v. Argentine Republic (ICSID Case No. ARB/03/5, Award on the Merits)
      case law
    • Phoenix Action Ltd. v. Czech Republic (ICSID Case No. ARB/06/5, Award, 15 April 2009)
      case law
  9. 26 February 2014Arbitration

    26 February 2014Arbitration

    Dissenting Opinion of Arbitrator Joaquín Morales Godoy dated 26 February 2014

    International Centre for Settlement of Investment Disputes

    Participants

    International Centre for Settlement of Investment Disputes
    Arbitrator
    Joaquín Morales Godoy

Matter record

Report a correction

Renée Rose Levy de Levi v. Republic of Peru (ICSID Case No. ARB/10/17) · Matter