Arbitral Digest

Matter

Emilio Agustín Maffezini v. Kingdom of Spain (ICSID Case No. ARB/97/7)

Case no.
ARB/97/7
  1. 28 October 1999Arbitration

    28 October 1999Arbitration

    Procedural Order No. 2 dated 28 October 1999

    International Centre for Settlement of Investment Disputes

    Decision summary
    The Arbitral Tribunal dismissed Spain's application for provisional measures seeking security for expected costs and expenses.

    Supporting details

    3 participants
    Emilio Agustín Maffezini
    Kingdom of Spain
    International Centre for Settlement of Investment Disputes

    2 months and 28 days later · 89 days

  2. 25 January 2000Arbitration

    25 January 2000Arbitration

    Decision of the Tribunal on Objections to Jurisdiction dated 25 January 2000

    International Centre for Settlement of Investment Disputes

    Decision summary
    The Tribunal rejected Spain's objections based on local remedies and prior resort to Spanish courts, held that the dispute could be submitted to arbitration without prior recourse to Spanish courts, and concluded that the Centre had jurisdiction and the Tribunal was competent.

    Supporting details

    6 participants
    Emilio Agustín Maffezini
    Kingdom of Spain
    International Centre for Settlement of Investment Disputes
    Arbitrator
    Maurice Wolf
    Tribunal secretary
    Gonzalo Flores

    9 months and 19 days later · 293 days

  3. 13 November 2000Arbitration

    13 November 2000Arbitration

    Award dated 13 November 2000

    International Centre for Settlement of Investment Disputes

    Decision summary
    The Tribunal found Spain responsible for SODIGA's acts concerning the unauthorized loan transaction, found breaches of the obligations to protect the investment and provide fair and equitable treatment, and ordered Spain to pay ESP 57,641,265.28. Each party was ordered to bear its own expenses and legal fees, and the remaining claims were dismissed.

    Supporting details

    6 participants
    Emilio Agustín Maffezini
    Kingdom of Spain
    International Centre for Settlement of Investment Disputes
    Arbitrator
    Maurice Wolf
    Tribunal secretary
    Gonzalo Flores

    2 months and 18 days later · 79 days

  4. 31 January 2001Arbitration

    31 January 2001Arbitration

    Rectification of the Award dated 31 January 2001

    International Centre for Settlement of Investment Disputes

    Decision summary
    The Tribunal granted Spain's request for rectification and substituted the word employee for official in paragraph 45 of the Award. Each party was ordered to bear its own expenses and legal fees for the rectification proceeding.

    Supporting details

    6 participants
    Emilio Agustín Maffezini
    Kingdom of Spain
    International Centre for Settlement of Investment Disputes
    Arbitrator
    Maurice Wolf
    Tribunal secretary
    Gonzalo Flores

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Emilio Agustín Maffezini v. Kingdom of Spain (ICSID Case No. ARB/97/7) · Matter