Following appointment by the parties, David D. Caron (U.S.) accepts his appointment as presiding arbitrator.

The Tribunal is constituted in accordance with Article 37(2)(a) of the ICSID Convention. Its members are: David D. Caron (U.S.), President, appointed by agreement of the parties; Stanimir Alexandrov (Bulgarian), appointed by the Claimant; and Zachary Douglas (Australian), appointed by the Respondent.

Following the passing away of arbitrator David Caron (U.S.), the Secretary-General notifies the parties of the vacancy on the Tribunal and the proceeding is suspended pursuant to ICSID Arbitration Rule 10(2).

Following the passing away of David D. Caron, John Beechey (British) accepts his appointment as President of the Tribunal, appointed by agreement of the parties in accordance with ICSID Arbitration Rule 11(1).

The Tribunal is reconstituted. Its members are John Beechey (British), President, appointed by agreement of the parties in accordance with ICSID Arbitration Rule 11(1); Stanimir Alexandrov (Bulgarian), appointed by the Claimant; and Zachary Douglas (Australian) appointed by the Respondent. The proceeding is resumed pursuant to ICSID Arbitration Rule 12.

The Tribunal issues Procedural Order No. 2 concerning the suspension of the proceedings until November 19, 2018.

The Tribunal issues Procedural Order No. 3 concerning the suspension of the proceedings until July 4, 2019.

The Tribunal issues Procedural Order No. 4 concerning the suspension of the proceedings until January 31, 2020.

The Tribunal issues Procedural Order No. 5 concerning the suspension of the proceedings until March 31, 2020.

The Tribunal issues Procedural Order No. 6 concerning the suspension of the proceedings until May 31, 2020.

The Claimant files a memorial on the merits.

The Tribunal issues Procedural Order No. 7 concerning procedural matters.

The Respondent files a counter-memorial on the merits and a memorial on jurisdiction.

The Tribunal issues Procedural Order No. 8 concerning production of documents.

The Claimant files a request for the Tribunal to decide on confidentiality of documents.

The Claimant files a Reply on the merits and a counter-memorial on jurisdiction.

The Respondent files observations on the Claimant's request of February 12, 2022.

The Claimant files a response to the Respondent's observations of February 21, 2022.

The Tribunal issues Procedural Order No. 9 concerning the confidentiality of documents.

The Tribunal issues Procedural Order No. 10 concerning procedural matters.

The Respondent files a rejoinder on the merits and reply on jurisdiction.

The President holds a pre-hearing organizational meeting with the parties by video conference.

The Tribunal issues Procedural Order No. 11 concerning the organization of the hearing.

The Tribunal holds a hearing on jurisdiction and the merits in London.

The Tribunal holds a hearing on jurisdiction and the merits by videoconference.

The Tribunal issues Procedural Order No. 12 concerning procedural matters.

Each party files a post-hearing brief.

The Tribunal issues Procedural Order No. 13 concerning procedural matters.

Each party files a submission on costs.

Each party files observations on the other party's submission on costs.

The Tribunal declares the proceeding closed in accordance with ICSID Arbitration Rule 38(1).

The Tribunal renders its award.

The Acting Secretary-General registers an application for partial annulment of the award filed by AVAX S.A. and notifies the parties of the provisional stay of enforcement of the award.