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

Procedural record

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.

   Participants

   International Centre for Settlement of Investment Disputes

   Arbitrator

   Vaughan Lowe

   Arbitrator

   Charles N. Brower

   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.

   Participants

   International Centre for Settlement of Investment Disputes

   Arbitrator

   Vaughan Lowe

   Arbitrator

   Charles N. Brower

   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.

   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

   Charles N. Brower

   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