ICSID - International Centre for Settlement of Investment Disputes
ICSID - International Centre for Settlement of Investment Disputes
09/03/2024 | Press release | Distributed by Public on 09/04/2024 16:15
Corral Morocco Holdings AB v. Kingdom of Morocco (ICSID Case No. ARB/18/7)
Corral Morocco Holdings AB v. Kingdom of Morocco (ICSID Case No. ARB/18/7)
Proceeding
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Subject of Dispute:Operation and development of an oil refinery
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Economic Sector:Oil, Gas & Mining
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Instrument(s) Invoked: (i)BIT Morocco - Sweden 1990
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Applicable Rules:ICSID Convention - Arbitration Rules
(a) Original Proceeding
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Claimant(s)/Nationality(ies): (i)Corral Morocco Holdings AB (Swedish)
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Respondent(s):Kingdom of Morocco (Moroccan)
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Date Registered:March 14, 2018
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Date of Constitution of Tribunal:October 24, 2018
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Composition of Tribunal
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President:Luca G. RADICATI DI BROZOLO (British, Italian) - Appointed by the Parties
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Arbitrators:Robert H. SMIT (U.S.) - Appointed by the Claimant(s)
Loretta MALINTOPPI (Italian) - Appointed by the Respondent(s)
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Party Representatives
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Claimant(s):Gibson Dunn, London, U.K., and New York, NY, U.S.A.
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Respondent(s):Prime Minister, Rabat, Morocco
Minister of Foreign Affairs and International Cooperation, Rabat, Morocco
Minister of Justice, Rabat, Morocco
Allen & Overy, Casablanca, Morocco, Paris, France and London, U.K. -
Language(s) of Proceeding:English
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Status of Proceeding:Concluded
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Outcome of Proceeding:July 15, 2024 -
The Tribunal renders its award.
(b) Rectification Proceeding
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Applicant(s)/Requesting Party(ies): (i)Respondent(s)
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Date Registered:September 3, 2024
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Party Representatives
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Claimant(s):Gibson Dunn, London, U.K., and New York, NY, U.S.A.
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Respondent(s):A&O Shearman, Paris, France, London, United Kingdom, and Madrid, Spain
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Status of Proceeding:Pending
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Latest Development:September 3, 2024 - The Secretary-General registers a request for rectification of the award filed by the Kingdom of Morocco.
(c) Rectification Proceeding
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Applicant(s)/Requesting Party(ies): (i)Claimant(s)
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Date Registered:September 3, 2024
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Party Representatives
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Claimant(s):Gibson Dunn, London, U.K., and New York, NY, U.S.A.
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Respondent(s):A&O Shearman, Paris, France, London, United Kingdom, and Madrid, Spain
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Status of Proceeding:Pending
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Latest Development:September 3, 2024 - The Secretary-General registers a request for rectification of the award filed by Corral Morocco Holdings AB.
No References Available.
(a) Original Proceeding
| Date | Development |
| March 14, 2018 |
The Acting Secretary-General registers a request for the institution of arbitration proceedings. |
| June 14, 2018 |
Following appointment by the Claimant, Robert H. Smit (U.S.) accepts his appointment as arbitrator. |
| July 17, 2018 |
Following appointment by the Respondent, Loretta Malintoppi (Italian) accepts her appointment as arbitrator. |
| October 24, 2018 |
Following appointment by agreement of the parties, Luca G. Radicati di Brozolo (Italian/ British) accepts his appointment as presiding arbitrator. |
| October 24, 2018 | The Tribunal is constituted in accordance with Article 37(2)(a) of the ICSID Convention. Its members are: Luca G. Radicati di Brozolo (Italian/British), President, appointed by agreement of the parties; Robert H. Smit (U.S.), appointed by the Claimant; and Loretta Malintoppi (Italian), appointed by the Respondent. |
| November 29, 2018 |
The Tribunal holds a first session by teleconference. |
| December 12, 2018 |
The Tribunal issues Procedural Order No. 1 concerning procedural matters. |
| April 12, 2019 |
The Claimant files a memorial on the merits. |
| September 23, 2019 |
The Respondent files a counter-memorial on the merits. |
| January 16, 2020 |
The Tribunal decides on production of documents. |
| May 1, 2020 |
The Claimant files a reply on the merits. |
| November 13, 2020 |
The Respondent files a rejoinder on the merits. |
| March 1, 2021 |
The Tribunal holds a pre-hearing organizational meeting with the parties by video conference. |
| May 7, 2021 |
The Claimant files observations on the admissibility and merits of the Respondent's new jurisdictional objection. |
| June 18, 2021 |
The Respondent files a response to the Claimant's observations of May 7, 2021. |
| July 9, 2021 |
The Claimant files a rejoinder on the admissibility and merits of the Respondent's new jurisdictional objection. |
| September 9, 2021 |
The Claimant files a sur-rejoinder on jurisdiction. |
| October 7, 2021 |
The Respondent files a sur-reply on jurisdiction. |
| October 20, 2021 |
The Tribunal holds a pre-hearing organizational meeting with the parties by video conference. |
| November 17, 2021 |
The Tribunal issues Procedural Order No. 2 concerning the organization of the hearing. |
| November 29, 2021 - December 10, 2021 |
The Tribunal holds a hearing on jurisdiction and merits in person in Paris and by video conference. |
| December 22, 2021 |
The Tribunal poses questions to the parties. |
| March 8, 2022 |
The Claimant files answers to the questions posed by the Tribunal on December 22, 2021. |
| May 18, 2022 |
The Respondent files answers to the questions posed by the Tribunal on December 22, 2021. |
| July 15, 2022 |
Each party files a post-hearing brief. |
| October 21, 2022 |
The Tribunal issues Procedural Order No. 3 concerning the organization of the hearing. |
| October 25, 2022 |
The Tribunal holds a hearing in Paris. |
| March 6, 2023 |
Each party files a statement of costs. |
| June 18, 2024 |
The Tribunal declares the proceeding closed in accordance with ICSID Arbitration Rule 38(1). |
| July 15, 2024 |
The Tribunal renders its award. |
(b) Rectification Proceeding - 1
| Date | Development |
| September 3, 2024 |
The Secretary-General registers a request for rectification of the award filed by the Kingdom of Morocco. |
(c) Rectification Proceeding - 2
| Date | Development |
| September 3, 2024 |
The Secretary-General registers a request for rectification of the award filed by Corral Morocco Holdings AB. |