Arbitral Digest

Matter

Piero Foresti, Laura de Carli and others v. Republic of South Africa (ICSID Case No. ARB(AF)/07/1)

Case no.
ARB(AF)/07/1
Seat
England
Applicable rules
ICSID Arbitration (Additional Facility) Rules of 2006
  1. 31 July 2009England

    31 July 2009England

    Procedural Order dated 31 July 2009

    International Centre for Settlement of Investment Disputes

    Decision summary
    The Tribunal directed the arbitration to proceed under the agreed timetable, allowed limited additional submissions on the conversion scheme, addressed the Respondent's document request, and invited views on petitions for non-disputing-party participation.

    Supporting details

    4 participants
    International Centre for Settlement of Investment Disputes
    Arbitrator
    Vaughan Lowe
    Arbitrator
    Joseph Matthews
    Tribunal secretary
    Eloise M. Obadia

    1 month and 25 days later · 56 days

  2. 25 September 2009England

    25 September 2009England

    Procedural Order dated 25 September 2009

    International Centre for Settlement of Investment Disputes

    Decision summary
    The Tribunal directed the procedure for non-disputing-party participation, disclosure of redacted documents, and the timetable for submissions, with directions for later comments on procedural fairness and effectiveness.

    Supporting details

    4 participants
    International Centre for Settlement of Investment Disputes
    Arbitrator
    Vaughan Lowe
    Arbitrator
    Joseph Matthews
    Tribunal secretary
    Eloise M. Obadia

    10 months and 10 days later · 313 days

  3. 4 August 2010England

    4 August 2010England

    Award dated 4 August 2010

    International Centre for Settlement of Investment Disputes

    Decision summary
    The Tribunal dismissed the Claimants' claims with prejudice and ordered the Claimants to pay the Respondent EUR 400,000 for fees and costs.

    Supporting details

    5 authorities · 15 participants
    Piero Foresti
    Ida Laura de Carli
    Dora Foresti
    Maria Teresa Suardo
    Paola Suardo
    Antonio Foresti
    Luigi Foresti
    Massimiliano Foresti
    Franca Conti
    Daniela Conti
    Finstone s.a.r.l.
    Republic of South Africa
    International Centre for Settlement of Investment Disputes
    Arbitrator
    Vaughan Lowe
    Arbitrator
    Joseph Matthews

    Authorities cited

    5
    • English Arbitration Act 1996
      statute
    • South Africa Mineral and Petroleum Resources Development Act
      statute
    • Case Concerning the Barcelona Traction, Light and Power Company, Limited (Belgium v Spain) ([1964] ICJ Reports 6)
      case-law
    • Agrotexim and Others v Greece (Application No. 14807/89, 26 September 1995)
      case-law
    • Svenska Management Gruppen AB v Sweden (Application No. 11036/84, 2 December 1985)
      case-law

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Piero Foresti, Laura de Carli and others v. Republic of South Africa (ICSID Case No. ARB(AF)/07/1) · Matter