Matter
Orascom TMT Investments S.à r.l. v. People's Democratic Republic of Algeria (ICSID Case No. ARB/12/35)
- 31 May 2017Arbitration
31 May 2017Arbitration
Award dated 31 May 2017
International Centre for Settlement of Investment Disputes
- Decision summary
- The Tribunal declared the claims inadmissible and was precluded from exercising jurisdiction over the dispute. It ordered the Claimant to reimburse the Respondent's ICSID cost deposits, contribute US$2,842,811.01 and EUR58,382.16 toward the Respondent's legal fees and other expenses, and dismissed all other requests for relief.
Supporting details
5 participantsOrascom TMT Investments S.à r.l.
People's Democratic Republic of Algeria
International Centre for Settlement of Investment Disputes
- Arbitrator
- Gabrielle Kaufmann-Kohler
- Arbitrator
- Albert Jan van den Berg
- Arbitrator
- Brigitte Stern
6 months and 28 days later · 212 days
- 29 December 2017Arbitration
29 December 2017Arbitration
Procedural Order No. 1 dated 29 December 2017
International Centre for Settlement of Investment Disputes
- Decision summary
- Procedural Order No. 1 recorded the Parties' agreement on procedural matters, including application of the Arbitration Rules in effect from 10 April 2006, English and French as procedural languages, and Paris, France as the place of proceeding.
Supporting details
International Centre for Settlement of Investment Disputes
2 months and 11 days later · 73 days
- 12 March 2018Arbitration
12 March 2018Arbitration
Decision on the Stay of Enforcement of the Award dated 12 March 2018
International Centre for Settlement of Investment Disputes
- Decision summary
- The Committee continued the stay of enforcement of the Award until its decision on the annulment application, subject to stated conditions; non-compliance would automatically terminate the stay, and costs were reserved.
Supporting details
International Centre for Settlement of Investment Disputes
1 month and 27 days later · 58 days
- 9 May 2018Arbitration
9 May 2018Arbitration
Decision Modifying the Conditions for the Continuation of the Stay of Enforcement of the Award dated 9 May 2018
International Centre for Settlement of Investment Disputes
- Decision summary
- The Committee modified the conditions for continuation of the stay and required the Applicant to deposit US$3,508,598.13 and EUR58,382.16 into an escrow account administered by the Permanent Court of Arbitration by 15 June 2018; failure to comply would automatically terminate the stay, and costs were reserved.
Supporting details
International Centre for Settlement of Investment Disputes
2 years, 4 months and 8 days later · 862 days
- 17 September 2020Arbitration
17 September 2020Arbitration
Decision on Annulment dated 17 September 2020
International Centre for Settlement of Investment Disputes
- Decision summary
- The ad hoc Committee unanimously rejected Orascom TMT Investments S.à r.l.'s application for partial annulment of the Award. The stay of enforcement ceased to have effect, Algeria became entitled to draw the amounts due under the Award deposited in escrow with the Permanent Court of Arbitration, and Orascom was ordered to bear the ICSID costs of the annulment proceeding; each Party was to bear its own legal representation costs and expenses.
Supporting details
5 authorities · 8 participantsOrascom TMT Investments S.à r.l.
- Representative
- White & Case LLP (For: Orascom TMT Investments S.à r.l.)
People's Democratic Republic of Algeria
- Representative
- Shearman & Sterling LLP (For: People's Democratic Republic of Algeria)
International Centre for Settlement of Investment Disputes
- Arbitrator
- Peter Tomka
- Arbitrator
- Bertha Cooper-Rousseau
- Arbitrator
- Klaus Sachs
- Tribunal secretary
- Aurelia Antonietti