Arbitral Digest

Matter

Inversión y Gestión de Bienes, IGB, S.L. and IGB18 Las Rozas, S.L. v. Kingdom of Spain (ICSID Case No. ARB/12/17)

Investment arbitration involving Inversión y Gestión de Bienes, IGB, S.L. and IGB18 Las Rozas, S.L. v. Kingdom of Spain; linked records state that the Sole Arbitrator dismissed all of the Claimants' claims, including on the basis that the Agreement was a preparatory document that envisaged the...

  • Investor-state arbitration
Case no.
ARB/12/17
Applicable rules
ICSID Arbitration Rules in force as of April 2006

Procedural record

  1. 14 August 2015Arbitration

    14 August 2015Arbitration

    Award dated 14 August 2015

    International Centre for Settlement of Investment Disputes

    Decision summary
    The Sole Arbitrator dismissed all of the Claimants' claims, including on the basis that the Agreement was a preparatory document that envisaged the possibility, but did not guarantee, requalification of the Property.

    Participants

    Inversion y Gestion de Bienes, IGB, S.L.
    IGB18 Las Rozas, S.L.
    Kingdom of Spain
    International Centre for Settlement of Investment Disputes
    Arbitrator
    Rodrigo Oreamuno Blanco

    Authorities cited

    1
    • Agreement between the Kingdom of Spain and the Republic of Venezuela on the Reciprocal Promotion and Protection of Investments (Spain-Venezuela BIT, signed 2 November 1995)
      treaty

Matter record

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Inversión y Gestión de Bienes, IGB, S.L. and IGB18 Las Rozas, S.L. v. Kingdom of Spain (ICSID Case No. ARB/12/17) · Matter