ICSID - International Centre for Settlement of Investment Disputes

09/09/2019 | Press release | Distributed by Public on 09/09/2019 15:01

Saint Patrick Properties Corporation v. Bolivarian Republic of Venezuela (ICSID Case No. ARB/16/40)

  • Subject of Dispute:
    Marine transport and related services enterprise
  • Economic Sector:
    Transportation
  • Instrument(s) Invoked: i
    BIT Venezuela, Republica Bolivariana de - Barbados 1994
  • Applicable Rules:
    ICSID Convention - Arbitration Rules
  • (a)Original Proceeding
    • Claimant(s)/Nationality(ies): i
      Saint Patrick Properties Corporation (Barbadian)
    • Respondent(s):
      Bolivarian Republic of Venezuela (Venezuelan)
    • Date Registered:
      December 19, 2016
    • Date of Constitution of Tribunal:
      January 10, 2018
      • Composition of Tribunal
      • President:
        Doug JONES (Australian, Irish) - Appointed by the Parties
      • Arbitrators:
        Elliot POLEBAUM (U.S.) - Appointed by the Claimant(s)
        Howard MANN (Canadian) - Appointed by the Respondent(s)
      • Initial Composition of Tribunal
      • President:
        Laurence SHORE (British, U.S.) - Appointed by the Parties
      • Arbitrators:
        Elliot POLEBAUM (U.S.) - Appointed by the Claimant(s)
        Howard MANN (Canadian) - Appointed by the Respondent(s)
      • Reconstituted:
        September 9, 2019: Doug JONES (Australian ,Irish) appointed following the resignation of Laurence SHORE (British ,U.S.)
      • Party Representatives
      • Claimant(s):

        Steptoe & Johnson, Washington, D.C., U.S.A.

        Respondent(s):

        GST, Miami, FL, U.S.A.
        Procuraduría General de la República, Caracas, Venezuela

      • Language(s) of Proceeding:
        English,Spanish
      • Status of Proceeding:
        Pending
      • Latest Development:
        September 9, 2019 - The Tribunal is reconstituted. Its members are Doug Jones (Australian/Irish), President, appointed by agreement of the parties; Elliot Polebaum (U.S.), appointed by the Claimant; and Howard Mann (Canadian), appointed by the Respondent. The proceeding is resumed pursuant to ICSID Arbitration Rule 12.