Eudoro Armando Olguín v. Republic of Paraguay (ICSID Case No. ARB/98/5)

Procedural record

1. 26 July 2001United States

   26 July 2001United States

   Award of the Tribunal dated 26 July 2001

   International Centre for Settlement of Investment Disputes

   Decision summary

   The Tribunal unanimously denied all contentions made by Eudoro Armando Olguín. Each party was ordered to pay one half of the fees for the proceedings and its own representation costs.

   Participants

   Eudoro Armando Olguín

   Representative

   Gonzalo García-Calderón Moreyra (For: Eudoro Armando Olguín)

   Representative

   Estudio García-Calderón, Ghersi & Asociados (For: Eudoro Armando Olguín)

   Republic of Paraguay

   Representative

   Juan Carlos Barreiro Perrotta (For: Republic of Paraguay)

   Representative

   Benigno López (For: Republic of Paraguay)

   Representative

   Amelio Calonga Arce (For: Republic of Paraguay)

   Representative

   José María Ibáñez (For: Republic of Paraguay)

   International Centre for Settlement of Investment Disputes

   Arbitrator

   Rodrigo Oreamuno Blanco

   Arbitrator

   Francisco Rezek

   Arbitrator

   Eduardo Mayora Alvarado

   Tribunal secretary

   Gonzalo Flores

   Other

   Witness

   Angel Canziani Zuccarelli

   Witness

   Eudoro Armando Olguín

   Authorities cited

   5

   • Treaty between the Republic of Peru and the Republic of Paraguay regarding the Promotion and Reciprocal Protection of Investments (Peru-Paraguay BIT dated January 31, 1994)
     treaty
   • Convention on the Settlement of Investment Disputes between States and Nationals of Other States (ICSID Convention)
     treaty
   • Paraguay Statute No. 417/73 on Banks and Other Financial Entities (Statute No. 417/73)
     statute
   • Paraguay Statute No. 797/95 on Financial Stabilization and Recovery (Statute No. 797/95)
     statute
   • Emilio Agustin Maffezini v. Kingdom of Spain (ICSID Case No. ARB/97/7)
     case-law