ICSID - International Centre for Settlement of Investment Disputes

08/23/2024 | Press release | Distributed by Public on 08/23/2024 16:54

Glencore International A.G., C. I. Prodeco S.A., and Sociedad Portuaria Puerto Nuevo S.A. v. Republic of Colombia (ICSID Case No. ARB/19/22)

Glencore International A.G., C. I. Prodeco S.A., and Sociedad Portuaria Puerto Nuevo S.A. v. Republic of Colombia (ICSID Case No. ARB/19/22)

  • Subject of Dispute:
    Building and maintenance of an access channel
  • Economic Sector:
    Transportation
  • Instrument(s) Invoked: (i)
    BIT Colombia - Switzerland 2006
  • Applicable Rules:
    ICSID Convention - Arbitration Rules

(a) Original Proceeding

  • Claimant(s)/Nationality(ies): (i)
    Sociedad Portuaria Puerto Nuevo S.A. (Colombian), C. I. Prodeco S.A. (Colombian), Glencore International A.G. (Swiss)
  • Respondent(s):
    Republic of Colombia (Colombian)
  • Date Registered:
    July 9, 2019
  • Date of Constitution of Tribunal:
    September 16, 2020
  • Party Representatives

  • Claimant(s):
    Freshfields Bruckhaus Deringer US, Washington, D.C., U.S.A.
    Dechamps International Law, Buenos Aires, Argentina
    José Manuel Álvarez Zárate, Bogota, Colombia
  • Respondent(s):
    Dirección de Inversión Extranjera, Servicios y Propiedad Intelectual, Ministerio de Comercio, Industria y Turismo de Colombia, Bogota, Colombia
    Agencia Nacional de Defensa Jurídica del Estado, Bogota, Colombia
    Dechert, Paris, France
  • Language(s) of Proceeding:
    English,Spanish
  • Status of Proceeding:
    Concluded
  • Outcome of Proceeding:
    April 19, 2024 - The Tribunal renders its award.

(b) Annulment Proceeding

  • Date Registered:
    August 23, 2024
  • Party Representatives

  • Claimant(s):
    Freshfields Bruckhaus Deringer US, Washington, D.C., U.S.A.
  • Respondent(s):
    Dirección de Inversión Extranjera, Propiedad Intelectual y Servicios, Ministerio de Comercio, Industria y Turismo de Colombia, Bogota, Colombia
    Agencia Nacional de Defensa Jurídica del Estado, Bogota, Colombia
  • Status of Proceeding:
    Pending
  • Latest Development:
    August 23, 2024 - The Acting Secretary-General registers an application for partial annulment of the award filed by Glencore International A.G., C. I. Prodeco S.A., and Sociedad Portuaria Puerto Nuevo S.A.

(a) Original Proceeding

Published Decisions

Award of the Tribunal

Available on the ICSID Website

Award of the Tribunal (April 19, 2024)English (Original); Spanish (Original)

(a) Original Proceeding

Date Development
July 9, 2019

The Secretary-General registers a request for the institution of arbitration proceedings.

October 17, 2019

Following appointment by the Claimants, Daniel M. Price (U.S.) accepts his appointment as arbitrator.

December 6, 2019

Following appointment by the Respondent, Claus von Wobeser (German/Mexican) accepts his appointment as arbitrator.

September 16, 2020

The Tribunal is constituted in accordance with Article 37(2)(b) of the ICSID Convention. Its members are: Bernardo M. Cremades (Spanish), President, appointed by agreement of the parties; Daniel M. Price (U.S.), appointed by the Claimants; and Claus von Wobeser (German/Mexican), appointed by the Respondent.

September 16, 2020

Following appointment by agreement of the parties, Bernardo M. Cremades (Spanish) accepts his appointment as presiding arbitrator.

October 15, 2020

The Respondent files preliminary objections pursuant to ICSID Arbitration Rule 41(5).

October 26, 2020

The Tribunal holds a first session by video conference.

October 28, 2020

The Tribunal issues Procedural Order No. 1 concerning procedural matters.

November 16, 2020

The Claimants file observations on the Respondent's preliminary objections pursuant to ICSID Arbitration Rule 41(5).

December 1, 2020

The Respondent files a reply on preliminary objections pursuant to ICSID Arbitration Rule 41(5).

December 16, 2020

The Claimants file a rejoinder on preliminary objections pursuant to ICSID Arbitration Rule 41(5).

January 15, 2021

The Tribunal issues Procedural Order No. 2 concerning the organization of the hearing on the Rule 41(5) objection.

January 19, 2021

The Tribunal holds a hearing on the Rule 41(5) objection by video conference.

February 4, 2021

Each party files a statement of costs.

February 22, 2021

The Tribunal issues a decision on the Respondent's preliminary objections pursuant to ICSID Arbitration Rule 41(5).

May 24, 2021

The Claimants file a memorial on the merits.

June 23, 2021

The Respondent files a request to address the objections to jurisdiction as a preliminary question.

July 23, 2021

The Claimants file observations on the request to address the objections to jurisdiction as a preliminary question.

August 23, 2021

The Tribunal issues Procedural Order No. 3 concerning the Respondent's request to address the objections to jurisdiction as a preliminary question.

January 31, 2022

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

April 20, 2022

Following exchanges between the parties, each party files a request for the Tribunal to decide on production of documents.

May 11, 2022

The Tribunal issues Procedural Order No. 4 concerning production of documents.

August 12, 2022

The Claimants file a reply on the merits and counter-memorial on jurisdiction.

December 23, 2022

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

March 23, 2023

The Claimants file a rejoinder on jurisdiction.

April 17, 2023

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

April 25, 2023

The Tribunal issues Procedural Order No. 5 concerning the organization of the hearing.

June 5, 2023 - June 8, 2023

The Tribunal holds a hearing on jurisdiction and the merits in person in Washington, D.C. and by video conference.

June 15, 2023

The Tribunal issues Procedural Order No. 6 concerning procedural matters.

August 11, 2023

Each party files a post-hearing brief.

September 8, 2023

Each party files a statement of costs.

April 19, 2024

The Tribunal renders its award.

(b) Annulment Proceeding

Date Development
August 23, 2024

The Acting Secretary-General registers an application for partial annulment of the award filed by Glencore International A.G., C. I. Prodeco S.A., and Sociedad Portuaria Puerto Nuevo S.A.