ICSID - International Centre for Settlement of Investment Disputes

03/29/2019 | Press release | Distributed by Public on 03/29/2019 14:52

Kimberly-Clark Dutch Holdings, B.V., Kimberly-Clark S.L.U., and Kimberly-Clark BVBA v. Bolivarian Republic of Venezuela (ICSID Case No. ARB(AF)/18/3)

  • Subject of Dispute:
    Retail
  • Economic Sector:
    Services & Trade
  • Instrument(s) Invoked: i
    BIT Spain - Venezuela, Republica Bolivariana de 1995, BIT Netherlands - Venezuela, Republica Bolivariana de 1991, BIT Venezuela, Republica Bolivariana de - Belgium-Luxembourg 1998
  • Applicable Rules:
    ICSID Additional Facility - Arbitration Rules
    • (a)Original Proceeding
      • Claimant(s)/Nationality(ies): i
        Kimberly-Clark Dutch Holdings, B.V. (Dutch), Kimberly-Clark S.L.U. (Spanish), Kimberly-Clark BVBA (Belgian)
      • Respondent(s):
        Bolivarian Republic of Venezuela (Venezuelan)
      • Date Registered:
        April 17, 2018
      • Date of Constitution of Tribunal:
        March 29, 2019
        • Composition of Tribunal
        • President:
          Stephan SCHILL (German) - Appointed by the Chairman of the Administrative Council
        • Arbitrators:
          David R. HAIGH (Canadian) - Appointed by the Claimant(s)
          Brigitte STERN (French) - Appointed by the Respondent(s)
          • Party Representatives
          • Claimant(s):

            Gibson, Dunn & Crutcher, Los Angeles, CA and New York, NY, U.S.A.

            Respondent(s):

            Procuraduría General de la República, Caracas, Venezuela

          • Status of Proceeding:
            Pending
          • Latest Development:
            March 29, 2019 - The Tribunal is constituted in accordance with Article 10 of the Arbitration (Additional Facility) Rules. Its members are: Stephan Schill (German), President, appointed by the Chairman of the Administrative Council in accordance with Article 6(4) of the Arbitration (Additional Facility) Rules; David Haigh (Canadian), appointed by the Claimants; and Brigitte Stern (French), appointed by the Respondent.