Arbitral Digest

Matter

Ping An Life Insurance Company of China, Limited and Ping An Insurance (Group) Company of China, Limited v. Kingdom of Belgium (ICSID Case No. ARB/12/29)

Case no.: ARB/12/29
Applicable rules: ICSID Arbitration Rules

30 April 2015Arbitration
30 April 2015Arbitration
Award dated 30 April 2015
International Centre for Settlement of Investment Disputes
Decision summary
The Tribunal dismissed the Claimants' claims for lack of jurisdiction. The parties were to bear equally the fees and expenses of the Tribunal members and the charges of ICSID, and each party was to bear its own legal fees and expenses.
Supporting details
3 authorities · 6 participants
Ping An Life Insurance Company of China, Limited
Ping An Insurance (Group) Company of China, Limited
Kingdom of Belgium
International Centre for Settlement of Investment Disputes
Arbitrator
Philippe Sands
Arbitrator
David A. R. Williams
Tribunal secretary
Martina Polasek
Authorities cited
3
- Agreement between the Government of the People's Republic of China and the Belgium-Luxembourg Economic Union on the Encouragement and Reciprocal Protection of Investments (1986 BIT)
  statute
- Agreement between the Government of the People's Republic of China and the Belgium-Luxembourg Economic Union on the Reciprocal Promotion and Protection of Investments (2009 BIT)
  statute
- Convention on the Settlement of Investment Disputes between States and Nationals of Other States (ICSID Convention)
  statute
Mentioned award