Arbitral Digest

Matter

Maritime International Nominees Establishment v. Republic of Guinea (ICSID Case No. ARB/84/4)

Case no.
ARB/84/4
Applicable rules
ICSID Arbitration Rules
  1. 6 January 1988Arbitration

    6 January 1988Arbitration

    Arbitral Award dated 6 January 1988

    International Centre for Settlement of Investment Disputes

    Decision summary
    The Award held that Guinea breached the SOTRAMAR Agreement, awarded MINE damages and interest, awarded MINE US$275,000 towards the costs of the ICSID arbitration, and awarded Guinea US$210,000 on its counterclaims. The damages, interest, and costs portions were later annulled; the counterclaims portion remained in effect.

    Supporting details

    5 participants
    Maritime International Nominees Establishment
    Republic of Guinea
    International Centre for Settlement of Investment Disputes
    Arbitrator
    Jack Berg
    Arbitrator
    David J. Sharpe
    Arbitrator
    Donald Zubrod

    4 months and 11 days later · 132 days

  2. 17 May 1988Arbitration

    17 May 1988Arbitration

    Procedural Order No. 1 dated 17 May 1988

    International Centre for Settlement of Investment Disputes

    Supporting details

    International Centre for Settlement of Investment Disputes

    2 months and 26 days later · 87 days

  3. 12 August 1988Arbitration

    12 August 1988Arbitration

    Interim Order No. 1 dated 12 August 1988

    International Centre for Settlement of Investment Disputes

    Decision summary
    The ad hoc Committee continued the provisional stay of enforcement of the Award for the time being, subject to its stated termination conditions.

    Supporting details

    5 participants
    Maritime International Nominees Establishment
    Republic of Guinea
    International Centre for Settlement of Investment Disputes
    Arbitrator
    Aron Broches
    Arbitrator
    Keba Mbaye

    1 year, 4 months and 2 days later · 489 days

  4. 14 December 1989Arbitration

    14 December 1989Arbitration

    Decision on the Application by Guinea for Partial Annulment of the Arbitral Award dated 6 January 1988

    International Centre for Settlement of Investment Disputes

    Decision summary
    The ad hoc Committee rejected Guinea's request to annul the part of the Award holding that Guinea breached the SOTRAMAR Agreement. It annulled the damages and interest portion of the Award and the US$275,000 award of costs to MINE. It ordered a temporary 90-day stay of enforcement of the unannulled counterclaims portion, directed the parties to bear their own expenses in the annulment proceedings, and required them to share the Committee and Centre fees and expenses equally.

    Supporting details

    2 authorities · 12 participants
    Maritime International Nominees Establishment
    Representative
    Julius Kaplan (For: Maritime International Nominees Establishment)
    Republic of Guinea
    Representative
    Stephen N. Shulman (For: Republic of Guinea)
    Representative
    Bruno A. Ristau (For: Republic of Guinea)
    Representative
    Sally J. Schornstheimer (For: Republic of Guinea)
    Representative
    James W. Schroeder (For: Republic of Guinea)
    Representative
    Kay K. Gardiner (For: Republic of Guinea)
    International Centre for Settlement of Investment Disputes
    Arbitrator
    Aron Broches
    Arbitrator
    Keba Mbaye
    Tribunal secretary
    Bertrand Marchais

    Authorities cited

    2
    • Convention on the Settlement of Investment Disputes between States and Nationals of Other States (ICSID Convention)
      treaty
    • French Civil Code
      statute

Matter record

Report a correction

Maritime International Nominees Establishment v. Republic of Guinea (ICSID Case No. ARB/84/4) · Matter