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2834
OI European Group B.V. (OIEG) v. Bolivarian Republic of Venezuela, ICSID Case No. ARB/11/25
Case type: International Investment Agreement
Claimant(s): OI European Group B.V.
Respondent state: Venezuela
Applicable arbitration rules: ICSID
Investment treaty: Netherlands-Venezuela BIT
Applicable legal instruments: Netherlands-Venezuela BIT
Economic sector: Manufacturing
Outcome: In favour of Investor
Amount of damages: US $372,461,982
Other remedy: The Tribunal ordered the Respondent to pay OIEG US$372,461,982 in compensation, as well as compound interest on the principal sum using a LIBOR interest rate for one-year deposits in US dollars, plus a margin of 4 percent. See case mapped on Investor-State LawGuide See discussion and analysis of the case on IAReporter
Available documents
10 Mar 2015 - Award (Spanish)
- Award (English)
Document provided by: IAReporter Details Claimant appointee: Francisco Orrego Vicuña Respondent appointee: Alexis Mourre Arbitrator(s): Chair/President: Juan Fernández-Armesto Judges: Claimant's counsel: Robert Volterra, Stephen Fietta, Patricio Grane, Alvaro Nistal, VOLTERRA FIETTA, Jose Antonio Muci Borjas, ESCRITORIO MUCI-ABRAHAM & ASOCIADOS, Lucas Bastin, QUADRANT CHAMBERS Respondent's counsel: Reinaldo Enrique Muñoz Pedroza, OFFICE OF THE ATTORNEY GENERAL Annulment Committee president: Annulment Committee members: 4 Apr 2016 - Decision on Stay of Enforcement of the Award
Document provided by: ICSID Website Details Claimant appointee: Francisco Orrego Vicuña Respondent appointee: Alexis Mourre Arbitrator(s): Chair/President: Juan Fernández-Armesto Judges: Claimant's counsel: VOLTERRA FIETTA, London, U.K., ESCRITORIO MUCI-ABRAHAM & ASOCIADOS, Caracas, Venezuela, Lucas Bastin Respondent's counsel: GUGLIELMINO & ASOCIADOS, Buenos Aires, Argentina Annulment Committee president: Annulment Committee members: 27 Jul 2016 - Petition to Confirm and Enforce the Arbitration Award
Details Arbitrator(s): Judges: Claimant's counsel: Edward G. Baldwin, David Zaslowsky, Baker McKenzie LLP Respondent's counsel: Annulment Committee president: Annulment Committee members: 6 Dec 2018 - Decision on Application for Annulment
Details Arbitrator(s): Piero Bernardini, David Pawlak Chair/President: Álvaro Castellanos Howell Judges: Claimant's counsel: Robert Volterra, Giorgio Mandelli, Alvaro Nistal, Roberto Lupini, VOLTERRA FIETTA, Jose Antonio Muci Borjas, ESCRITORIO MUCI-ABRAHAM & ASOCIADOS Respondent's counsel: Osvaldo Cesar Guglielmino, Mariana Lozza, Guillermo Moro, Pablo Parrilla, Nicolás Bianchi, Alejandro Vulejser, GUGLIELMINO & ASOCIADOS Respondent's expert: Brent C. Kaczmarek , Respondent's expert: Matthew D. Shopp , Respondent's expert: Navigant Consulting , Respondent's expert: Daniel Flores , Respondent's expert: Econ One Research Annulment Committee president: Annulment Committee members: 11 Feb 2019 - OI European's Complaint against Venezuela and Others (US Court Proceedings)
Details Arbitrator(s): Judges: Claimant's counsel: Jody C. Barillare, John C. Goodchild, Sabin Willett, Christopher L. Carter, Arcangelo S. Cella, Morgan, Lewis & Bockius LLP Respondent's counsel: Annulment Committee president: Annulment Committee members: 27 Mar 2019 - Stipulated Order for Final Judgment
Details Arbitrator(s): Judges: Claimant's counsel: Susan Baker Manning, Sabin Willett, Christopher L. Carter, Morgan, Lewis & Bockius LLP Respondent's counsel: Quinn Smith, Diego Gosis, Katherine A. Sanoja, GST LLP, Megan C. Connor, Paul W. Mengel III, Pilieromazza PLLC Annulment Committee president: Annulment Committee members: 28 Mar 2019 - Respondent's Emergency Motion to Strike
Details Arbitrator(s): Judges: Claimant's counsel: Susan Baker Manning, Sabin Willett, Christopher L. Carter, Morgan, Lewis & Bockius LLP Respondent's counsel: Quinn Smith, Diego Gosis, Katherine A. Sanoja, GST LLP, Megan C. Connor, Paul W. Mengel III, Pilieromazza PLLC Annulment Committee president: Annulment Committee members: 1 Apr 2019 - Plaintiff's Response to Venezuela's Emergency Motion to Strike
Details Arbitrator(s): Judges: Claimant's counsel: Susan Baker Manning, Sabin Willett, Christopher L. Carter, Morgan Lewis Respondent's counsel: Quinn Smith, Diego Gosis, Katherine A. Sanoja, GST LLP, Megan C. Connor, Paul W. Mengel III, Pilieromazza PLLC Annulment Committee president: Annulment Committee members: 1 May 2019 - US Court of Appeals for the District of Columbia Circuit Decision
Details Arbitrator(s): Judges: Claimant's counsel: Susan Baker Manning, Sabin Willett, Christopher L. Carter, Morgan, Lewis & Bockius LLP Respondent's counsel: Quinn Smith, Diego Gosis, Katherine A. Sanoja, GST LLP, Megan C. Connor, Paul W. Mengel III, Pilieromazza PLLC Annulment Committee president: Annulment Committee members: 21 May 2019 - Memorandum of Opinion of the US District Court for the District of Columbia
Details Arbitrator(s): Judges: Claimant's counsel: Susan Baker Manning, Sabin Willett, Christopher L. Carter, Morgan, Lewis & Bockius LLP Respondent's counsel: Quinn Smith, Diego Gosis, Katherine A. Sanoja, GST LLP, Megan C. Connor, Paul W. Mengel III, Pilieromazza PLLC Annulment Committee president: Annulment Committee members: 1 Nov 2019 - Memorandum Opinion and Order of the US District Court for the District of Columbia
Details Arbitrator(s): Judges: Amy Berman Jackson Claimant's counsel: Respondent's counsel: Annulment Committee president: Annulment Committee members: 12 Nov 2019 - Memorandum Order of the US District Court for the District of Delaware
Details Arbitrator(s): Judges: Claimant's counsel: Respondent's counsel: Annulment Committee president: Annulment Committee members: 9 Dec 2019 - Respondent's Letter to US District Court for the District of Delaware
Details Arbitrator(s): Judges: Claimant's counsel: Respondent's counsel: Annulment Committee president: Annulment Committee members: 4 Aug 2020 - Hague District Court Judgement 2020
Document provided by: IAReporter Details Claimant appointee: Francisco Orrego Vicuña Respondent appointee: Alexis Mourre Arbitrator(s): Chair/President: Juan Fernández-Armesto Judges: Claimant's counsel: Respondent's counsel: Annulment Committee president: Annulment Committee members: 15 Jan 2021 - Memorandum Order of US District Court for the District of Delaware II
Document provided by: Investor State Law Guide Details Arbitrator(s): Judges: Claimant's counsel: Respondent's counsel: Annulment Committee president: Annulment Committee members: 16 Feb 2022 - Hague District Court Judgement 2022
Document provided by: IAReporter Details Claimant appointee: Francisco Orrego Vicuña Respondent appointee: Alexis Mourre Arbitrator(s): Chair/President: Juan Fernández-Armesto Judges: Claimant's counsel: Respondent's counsel: Annulment Committee president: Annulment Committee members: 2 Mar 2022 - Opinion of US District Court for the District of Delaware
Document provided by: Investor State Law Guide Details Arbitrator(s): Judges: Claimant's counsel: Respondent's counsel: Annulment Committee president: Annulment Committee members: 18 Mar 2022 Document provided by: Investor State Law Guide Details Arbitrator(s): Judges: Claimant's counsel: Respondent's counsel: Annulment Committee president: Annulment Committee members: 4 May 2022 - Memorandum Order of the United States District Court for the District of Delaware
Document provided by: Jus Mundi Details Arbitrator(s): Judges: Leonard P. Stark Claimant's counsel: Respondent's counsel: Country in which this occurs: United States of America Annulment Committee president: Annulment Committee members: 29 Sep 2022 - Memorandum Order of the United States District Court for the District of Delaware
Document provided by: Jus Mundi Details Arbitrator(s): Judges: Claimant's counsel: Respondent's counsel: Annulment Committee president: Annulment Committee members: 23 Mar 2023 - Opinion of the United States District Court for the District of Delaware
Document provided by: Jus Mundi Details Arbitrator(s): Judges: Claimant's counsel: Respondent's counsel: Country in which this occurs: United States of America Annulment Committee president: Annulment Committee members: 28 Apr 2023 - Memorandum Order of the United States District Court for the District of Delaware
Document provided by: Jus Mundi Details Arbitrator(s): Judges: Claimant's counsel: Respondent's counsel: Country in which this occurs: United States of America Annulment Committee president: Annulment Committee members: 4 May 2023 - Memorandum Order of the United States District Court for the District of Delaware
Details Arbitrator(s): Judges: Leonard P. Stark Claimant's counsel: Respondent's counsel: Annulment Committee president: Annulment Committee members: 10 May 2023 - Memorandum Order of the United States District Court for the District of Delaware
Details Arbitrator(s): Judges: Leonard P. Stark Claimant's counsel: Respondent's counsel: Annulment Committee president: Annulment Committee members: 30 May 2023 - Hague Court of Appeal Judgement
Document provided by: IAReporter Details Claimant appointee: Francisco Orrego Vicuña Respondent appointee: Alexis Mourre Arbitrator(s): Chair/President: Juan Fernández-Armesto Judges: Claimant's counsel: Respondent's counsel: Annulment Committee president: Annulment Committee members: 21 Jun 2023 - Memorandum Order of the United States District Court for the District of Delaware
Details Arbitrator(s): Judges: Leonard P. Stark Claimant's counsel: Respondent's counsel: Annulment Committee president: Annulment Committee members: 7 Jul 2023 - Opinion of US Court of Appeal Third Circuit
Details Claimant appointee: Francisco Orrego Vicuña Respondent appointee: Alexis Mourre Arbitrator(s): Chair/President: Juan Fernández-Armesto Judges: Claimant's counsel: Respondent's counsel: Annulment Committee president: Annulment Committee members: 8 Jan 2024 - Memorandum Order of the United States District Court for the District of Delaware
Details Arbitrator(s): Judges: Leonard P. Stark Claimant's counsel: Respondent's counsel: Annulment Committee president: Annulment Committee members: 14 Jun 2024 - Conclusions of Advocate General of Dutch Supreme Court
Details Arbitrator(s): Judges: Claimant's counsel: Respondent's counsel: Annulment Committee president: Annulment Committee members: 2834
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