Summary

Reproduced from www.worldbank.org/icsid with permission of ICSID. (Document, does not apply to summary and/or TDM IACL Case Report below).

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Case report (free download)

Case Report by Lionel Dreyfuss, Editor Diego Luis Alonso Massa

Summary

On 19 December 2016, an ICSID ad hoc Committee (the "Committee") ruled on a request filed by the Argentine Republic concerning the annulment of an award rendered by an ICSID Tribunal. The Committee had to deal with allegations that the Tribunal has manifestly exceeded its powers, that there has been a serious departure from a fundamental rule of procedure and that the award has failed to state the reasons on which it was based.

Main issues

Annulment of an award - criteria - ultra petita adjudication - departure from a fundamental rule of procedure - insufficient or inadequate reasons.

SAUR International S.A. v. Argentine Republic ICSID Case no ARB/04/4 - Annulment Proceeding, 19 December 2016

Case report provided by International Arbitration Case Law (IACL)