Matter
Alverley Investments Limited and Germen Properties Ltd v. Romania (ICSID Case No. ARB/18/30)
- 10 May 2019Arbitration
10 May 2019Arbitration
Procedural Order No. 1 dated 10 May 2019
International Centre for Settlement of Investment Disputes
- Decision summary
- The Tribunal recorded procedural agreements and decided disputed procedural issues, including the applicable Arbitration Rules, procedural language, place of proceedings, and schedule for pending applications.
Supporting details
International Centre for Settlement of Investment Disputes
- 10 May 2019Arbitration
10 May 2019Arbitration
Procedural Order No. 2 dated 10 May 2019
International Centre for Settlement of Investment Disputes
- Decision summary
- The Tribunal granted the European Commission leave to submit a written intervention, subject to specified conditions.
Supporting details
International Centre for Settlement of Investment Disputes
2 months and 3 days later · 64 days
- 13 July 2019Arbitration
13 July 2019Arbitration
Procedural Order No. 3 dated 13 July 2019
International Centre for Settlement of Investment Disputes
- Decision summary
- The Tribunal issued directions concerning the organization of the upcoming hearing.
Supporting details
International Centre for Settlement of Investment Disputes
19 days later · 19 days
- 1 August 2019Arbitration
1 August 2019Arbitration
Decision dated 1 August 2019
International Centre for Settlement of Investment Disputes
- Decision summary
- The Tribunal denied the Respondent's Rule 41(5) application without prejudice, granted bifurcation, granted the Interests Application in part, denied security for costs, denied the Exhibits Request in specified terms, granted the Claimants' request for provisional measures in part, and reserved costs.
Supporting details
International Centre for Settlement of Investment Disputes
22 days later · 22 days
- 23 August 2019Arbitration
23 August 2019Arbitration
Procedural Order No. 4 dated 23 August 2019
International Centre for Settlement of Investment Disputes
- Decision summary
- The Tribunal set the pleading schedule for the jurisdictional phase.
Supporting details
International Centre for Settlement of Investment Disputes
1 month and 8 days later · 39 days
- 1 October 2019Arbitration
1 October 2019Arbitration
Procedural Order No. 5 dated 1 October 2019
International Centre for Settlement of Investment Disputes
- Decision summary
- The Tribunal issued directions concerning document production.
Supporting details
International Centre for Settlement of Investment Disputes
2 months and 30 days later · 91 days
- 31 December 2019Arbitration
31 December 2019Arbitration
Procedural Order No. 6 dated 31 December 2019
International Centre for Settlement of Investment Disputes
- Decision summary
- The Tribunal issued directions concerning document production and the Claimants' redacted exhibits.
Supporting details
International Centre for Settlement of Investment Disputes
17 days later · 17 days
- 17 January 2020Arbitration
17 January 2020Arbitration
Procedural Order No. 7 dated 17 January 2020
International Centre for Settlement of Investment Disputes
- Decision summary
- The Tribunal issued directions concerning the production of documents.
Supporting details
International Centre for Settlement of Investment Disputes
25 days later · 25 days
- 11 February 2020Arbitration
11 February 2020Arbitration
Procedural Order No. 8 dated 11 February 2020
International Centre for Settlement of Investment Disputes
- Decision summary
- The Tribunal issued directions concerning redaction, disclosure, and due process.
Supporting details
International Centre for Settlement of Investment Disputes
9 days later · 9 days
- 20 February 2020Arbitration
20 February 2020Arbitration
Procedural Order No. 9 dated 20 February 2020
International Centre for Settlement of Investment Disputes
- Decision summary
- The Tribunal directed the Claimants to comply with Procedural Order No. 7 concerning disclosure and due process.
Supporting details
International Centre for Settlement of Investment Disputes
9 days later · 9 days
- 29 February 2020Arbitration
29 February 2020Arbitration
Procedural Order No. 10 dated 29 February 2020
International Centre for Settlement of Investment Disputes
- Decision summary
- The Tribunal issued directions concerning disclosure of documents and due process.
Supporting details
International Centre for Settlement of Investment Disputes
1 month and 1 day later · 30 days
- 30 March 2020Arbitration
30 March 2020Arbitration
Procedural Order No. 11 dated 30 March 2020
International Centre for Settlement of Investment Disputes
- Decision summary
- The Tribunal issued directions concerning the organization of the hearing on jurisdiction.
Supporting details
International Centre for Settlement of Investment Disputes
1 year, 11 months and 14 days later · 716 days
- 16 March 2022Arbitration
16 March 2022Arbitration
Award dated 16 March 2022
International Centre for Settlement of Investment Disputes
- Decision summary
- The Tribunal lacked jurisdiction over Germen Properties Ltd's claims, held Alverley Investments Limited's claims inadmissible, and dismissed the case. The Claimants were ordered to bear the costs of the Tribunal and the Centre and to pay Romania USD 4,140,779.24 for legal representation costs within 60 days, with 6% per annum interest compounded twice yearly thereafter until full payment.
Supporting details
15 authorities · 8 participantsAlverley Investments Limited
Germen Properties Ltd
Romania
International Centre for Settlement of Investment Disputes
- Arbitrator
- Sir Christopher Greenwood, GBE, CMG, QC
- Arbitrator
- Prof Bernard Hanotiau
- Arbitrator
- Prof Pierre Mayer
- Tribunal secretary
- Ms Jara Minguez Almeida
- Institutional administrator
- Mr Trevor McGowan