Arbitral Digest

Matter

OI European Group B.V. v. Bolivarian Republic of Venezuela (ICSID Case No. ARB/11/25)

Case no.
ARB/11/25
Applicable rules
ICSID Arbitration Rules
  1. 10 March 2015Arbitration

    10 March 2015Arbitration

    Award

    International Centre for Settlement of Investment Disputes

    Supporting details

    2 participants
    OI European Group B.V.
    Bolivarian Republic of Venezuela
    International Centre for Settlement of Investment Disputes

    9 months and 5 days later · 280 days

  2. 15 December 2015Arbitration

    15 December 2015Arbitration

    Procedural Order No. 1

    International Centre for Settlement of Investment Disputes

    Supporting details

    International Centre for Settlement of Investment Disputes

    3 months and 20 days later · 111 days

  3. 4 April 2016Arbitration

    4 April 2016Arbitration

    Decision on Stay of Enforcement of the Award

    International Centre for Settlement of Investment Disputes

    Decision summary
    The ad hoc Committee rejected Venezuela's request to continue the stay of enforcement of the Award, terminated the provisional stay, and ordered that the stay be lifted effective 4 April 2016. The Committee reserved its decision on costs.

    Supporting details

    22 authorities · 7 participants
    OI European Group B.V.
    Bolivarian Republic of Venezuela
    International Centre for Settlement of Investment Disputes
    Arbitrator
    David Pawlak
    Tribunal secretary
    Sara Marzal Yetano
    Other

    Authorities cited

    22
    • Convention on the Settlement of Investment Disputes between States and Nationals of Other States (ICSID Convention)
      statute
    • Vienna Convention on the Law of Treaties, 1969
      statute
    • S.S. Wimbledon, Judgment, PCIJ Series A No. 1 (1923)
      case law
    • El Paso Energy International Company v. Argentine Republic (ICSID Case No. ARB/03/15, Decision on the Stay of the Enforcement of the Award, 14 November 2012)
      case law
    • Maritime International Nominees Establishment v. Republic of Guinea (ICSID Case No. ARB/84/4, Interim Order No. 1, 12 August 1988)
      case law
    • Elsamex, S.A. v. Republic of Honduras (ICSID Case No. ARB/09/4, Decision on the Continuation of the Stay of Enforcement, 7 January 2014)
      case law
    • Occidental Petroleum Corporation and Occidental Exploration and Production Company v. Republic of Ecuador (ICSID Case No. ARB/06/11, Decision on the Stay of Enforcement of the Award, 30 December 2013)
      case law
    • Venezuela Holdings B.V. and others v. Bolivarian Republic of Venezuela (ICSID Case No. ARB/07/27, Procedural Order No. 2, 28 July 2015)
      case law
    • Victor Pey Casado and President Allende Foundation v. Republic of Chile (ICSID Case No. ARB/98/2, Decision on the Republic of Chile's Application for a Stay of Enforcement of the Award, 5 May 2010)
      case law
    • CMS Gas Transmission Company v. Argentine Republic (ICSID Case No. ARB/01/8, Decision on the Argentine Republic's Request for a Continued Stay of Enforcement of the Award, 1 September 2006)
      case law
    • Enron Corp. and Ponderosa Assets, L.P. v. Argentine Republic (ICSID Case No. ARB/01/3, Decision on the Argentine Republic's Request for a Continued Stay of Enforcement of the Award, 7 October 2008)
      case law
    • Azurix Corp. v. Argentine Republic (ICSID Case No. ARB/01/12, Decision on the Continued Stay of Enforcement of the Award, 28 December 2007)
      case law
    • Libananco Holdings Co. Limited v. Republic of Turkey (ICSID Case No. ARB/06/8, Decision on Applicant's Request for Provisional Measures, 7 May 2012)
      case law
    • Patrick Mitchell v. Democratic Republic of Congo (ICSID Case No. ARB/99/7, Decision on the Stay of Enforcement of the Award, 30 November 2004)
      case law
    • SGS Societe Generale de Surveillance S.A. v. Republic of Paraguay (ICSID Case No. ARB/07/29, Decision on Paraguay's Request for the Continued Stay of Enforcement of the Award, 22 March 2013)
      case law
    • Sempra Energy International v. Argentine Republic (ICSID Case No. ARB/02/16, Decision on the Argentine Republic's Request for a Continued Stay of Enforcement of the Award, 5 March 2009)
      case law
    • Ioannis Kardassopoulos and Ron Fuchs v. Georgia (ICSID Case Nos. ARB/05/18 and ARB/07/15, Decision of the ad hoc Committee on the Stay of Enforcement of the Award, November 2010)
      case law
    • CDC Group PLC v. Republic of the Seychelles (ICSID Case No. ARB/02/14, Decision on Whether or Not to Continue Stay and Order, 14 July 2004)
      case law
    • Repsol YPF Ecuador, S.A. v. Empresa Estatal Petroleos del Ecuador (ICSID Case No. ARB/01/10, Procedural Order No. 1, 22 December 2005)
      case law
    • Joseph Charles Lemire v. Ukraine (ICSID Case No. ARB/06/18, Decision on Annulment, 16 July 2013)
      case law
    • Adem Dogan v. Turkmenistan (ICSID Case No. ARB/09/9, Decision on Stay of Enforcement, 24 November 2014)
      case law
    • Wena Hotels Ltd. v. Arab Republic of Egypt (ICSID Case No. ARB/98/4, decision on stay of enforcement)
      case law

Matter record

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OI European Group B.V. v. Bolivarian Republic of Venezuela (ICSID Case No. ARB/11/25) · Matter