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Partial annulment of ICSID award against Chile
Practical Law UK Legal Update 8-523-5829 (Approx. 6 pages)
Partial annulment of ICSID award against Chile
by Emily Blanshard, Herbert Smith Freehills LLP
In Victor Pey Casado and Foundation "Presidente Allende" v Republic of Chile (ICSID Case No. ARB/98/2, Annulment decision of 18 December 2012), an ad hoc committee considered an application to annul an ICSID award because the tribunal had seriously departed from a fundamental rule of procedure by denying the parties an opportunity to be heard on the appropriate method for the calculation of damages and by giving contradictory reasoning for its own determination of what that method should be.
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Resource ID 8-523-5829© 2024 Thomson Reuters. All rights reserved.
Published on 16-Jan-2013
Resource Type Legal update: archive
Jurisdictions
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