4A_306/2019 Schweizerisches Bundesgericht - Clorox España S.L. v. República Bolivariana de Venezuela (PCA Case No. 2015-30) UNCITRAL - 25 March 2020
On 18 May 2015, the Appellant, based on the arbitration clause in the BIT, has initiated arbitration proceedings against the respondent in order to obtain payment of damages for violation of Art. III (1), V, IV (1) TBI. An arbitral tribunal of three members was formed, according to the United Nations Commission Arbitration Rules on International Trade Law (UNCITRAL), under the auspices of the Permanent Court of Arbitration (PCA). By decision of 20 May 2019, the Arbitral Tribunal declined jurisdiction to rule on the request and set the costs of the arbitral proceedings be borne by the Appellant.