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The International Centre for Settlement of Investment Disputes: Global Trading Resource Corp. v. Ukraine

Published online by Cambridge University Press:  27 February 2017

John R. Crook
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Type
International Legal Documents
Information
International Legal Materials , Volume 50 , Issue 3 , June 2011 , pp. 289 - 302
Copyright
Copyright © American Society of International Law 2011

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References

Notes

* This text was reproduced and reformatted from the text available at the International Centre for Settlement of Investment Disputes website (visited Apr. 4, 2011) http://icsid.worldbank.org/ICSID/FrontServlet?requestType=CasesRH&actionVal=showDoc&docId=DC1771_En&caseId=C660.

1 See ICSID Caseload – Statistics, Issue 2011-1, ICSID, http://icsid.worldbank.org/ICSID/FrontServlet?requestType=ICSIDDocRH&actionVal=ShowDocument&CaseLoadStatistics=True&language=English11.

2 See Public Statement on the International Investment Regime (Aug. 31, 2010), available at http://www.osgoode.yorku.ca/public_statement/documents/Public%20Statement.pdf.

3 Defenses can be very expensive. In a 2009 award, an experienced tribunal found that the ‘‘Claimant asserted jurisdiction on the basis of a claim to ownership of shares, which the uncontradicted evidence before the Tribunal suggests was false. Such a claim cannot be said to have been made in good faith.’’ It awarded the respondent state over four million dollars for its costs of defending against the claim. Eur. Cement Inv. & Trade S.A. v. Turkey, ICSID Case No. ARB(AF)/07/2, Award (Aug. 13. 2009), available at http://ita.law.uvic.ca/documents/EuropeCementAward.PDF.

4 Antonio R. Parra, The Development of the Regulations and Rules of the International Centre for Settlement of Investment Disputes, 41 Int’l Law. 56 (2007).

5 Global Trading Resource Corp. v. Ukraine, ICSID Case No. ARB/09/11, Award (Dec. 1, 2010), available at http://icsid.worldbank.org/ICSID/FrontServlet?requestType=CasesRH&actionVal=showDoc&docId=DC1771_En&caseId=C660 [hereinafter Global Trading].

7 Brandes Investment Partners, LP v. Venezuela, ICSID Case No. ARB/08/3, Decision on the Respondent’s Objection under Rule 41(5) of the ICSID Arbitration Rules (Feb. 2, 2009), available at http://icsid.worldbank.org/ICSID/FrontServlet?requestType=CasesRH&actionVal=showDoc&docId=DC1170_En&caseId=C266.

8 Ukraine did not dispute the facts as alleged by the claimant, and the tribunal took these allegations to be true for purposes of its decision. Global Trading, supra note 5, 36.

9 Id. 36-37.

10 Id. 39.

11 Treaty Concerning the Encouragement and Reciprocal Protection of Investment, with Annex and Exchange of Letters, U.S.- Ukr., Mar. 4, 1994.

12 Global Trading Award, supra note 5, 42.

13 Id. 56.

14 Id. 53.

15 Id. 55.

16 Id. 59.

17 Id. 35 (quoting Trans-Global, supra note 6, 88).

18 Id. 8.

19 Id. 33.

20 Id. 34.

21 RSM Prod. Corp. v. Grenada, ICSID Case No. ARB/10/6, Award (Dec. 10, 2010), available at http://icsid.worldbank.org/ICSID/FrontServlet?requestType=CasesRH&actionVal=showDoc&docId=DC1792_En&caseId=C980.

1 Though the drafters might equally well have said ‘the respondent,’ since the procedure is hardly likely to hold much interest for a claimant.

2 Trans-Global Petroleum, Inc. v. Hashemite Kingdom of Jordan (ICSID Case No. ARB/07/25); Decision on the Respondent’s Objection under Rule 41(5) of the ICSID Arbitration Rules (May 12, 2008), available at http://icsid.worldbank.org/ICSID/FrontServlet.

6 Trans-Global Petroleum, Inc. v. Jordan, ICSID Case No. ARB/07/25, Decision on the Respondent’s Objection under Rule 41(5) of the ICSID Arbitration Rules (May 12, 2008), available at http://icsid.worldbank.org/ICSID/FrontServlet?requestType=CasesRH&actionVal=viewCase&reqFrom=Home&caseId=C254.

3 Brandes Investment Partners, LP v. Bolivarian Republic of Venezuela (ICSID Case No. ARB/08/3), Decision on the Respondent’s Objection under Rule 41(5) of the ICSID Arbitration Rules (February 02, 2009), available at http://icsid.worldbank.org/ICSID/FrontServlet.

4 Meaning, presumably, the session envisaged in Rule 13(1).

5 i.e. the Respondent; see fn. 1 above.

6 Or ‘on an expedited basis,’ as the matter is put in the ICSID Secretariat’s Working Paper of 12 May 2005.

7 fn. 2 above.

8 ibid. para. 88.

9 Claimants’ Response to Respondent’s Rule 41(5) Objection, para. 41

10 Request for Arbitration, para. 16; see para. 3 above.

11 Ibid., paras. 8-12,

12 Ibid, para. 20-33.

13 For the full text of Article I(1)(a), see para. 47 below.

14 Ibid., paras. 37-38.

15 Message from the President of the United States, 27 September 1994, p. VII: ‘‘The requirement that a ‘claim to money’ be associated with an investment excludes claims arising solely from trade transactions, such as a transaction involving only a cross-border sale of goods, from being considered investments covered by the Treaty.’’ (Emphasis added.)

16 Claimants’ Response to Respondent’s Rule 41(5) Objection, para. 63.

17 Alcoa Minerals of Jamaica Inc. v. Jamaica (ICSID Case No. ARB/74/2), Decision on Jurisdiction, July 6, 1975, cited in J. Schmidt, ‘‘Arbitration Under the Auspices of The Centre for Settlement of Investment Disputes (ICSID). Implications of the Decision on Jurisdiction in Alcoa Minerals of Jamaica v. Government of Jamaica’’, (1976) 17 Harvard Int’l L.J. 90, at p. 100.

18 Salini Costruttori S.p.A. and Italstrade S.p.A. v. Kingdom of Morocco (ICSID Case No. ARB/00/4), Decision on Jurisdiction, paras. 51-52.

19 Saba Fakes v. Republic of Turkey ICSID Case No. ARB/07/20), Award, July 14, 2010, paras, 108-109.

20 Joy Mining Machinery Equipment Ltd v. Arab of Republic of Egypt, ICSID Case No. ARB/03/11, Award on Jurisdiction, August 6, 2004, para. 50.

21 Víctor Pey Casado and President Allende Foundation v. Republic of Chile (ICSID Case No. ARB/98/2), Award, May 8, 2008, para. 232.

22 An inquiry by the Tribunal disclosed that the Parties were in agreement that the Tribunal could rely on the English text of this provision.

23 Text in fn. 14 above.

24 It would be right to note that the Respondent, questioned directly by the Tribunal on this point, did not contest the Claimants’ factual allegations as such, but declined to accept, in the abstract, the Claimants’ qualification of them as ‘exceptional.’ 25 Fn. 14 above.

26 RSM Production Corporation v. Grenada (ICSID Case No. ARB/05/14), Award, March 13, 2009.

27 Ceskoslovenska Obchodni Banka v. The Slovak Republic, Decision on Jurisdiction, May 24, 1999.

28 Biwater Gauff v. Tanzania (ICSID Case No. ARB/05/22), Award, July 24, 2008.

29 Jan de Nul v. Arab Republic of Egypt (ICSID Case No. ARB/04/13), Decision on Jurisdiction, June 16, 2006.

30 Joy Mining Machinery Equipment Ltd v. Arab of Republic of Egypt (ICSID Case No. ARB/03/11), Award on Jurisdiction, August 6, 2004.

31 ICSID Case No. ARB/00/4, Decision on Jurisdiction of July 23, 2001.

32 ‘‘solutions established in a series of consistent cases that are comparable to the case at hand’’ of the kind which the Bayindir v. Pakistan Tribunal had in mind (ICSID Case No. ARB/03/29), Award, August 27, 2009, para 145).

33 Ibid. at para. 58.

34 Malaysian Historical Salvors v. Malaysia Malaysian Historical Salvors Sdn, Bhd v. Government of Malaysia (ICSID Case No. ARB/05/10), Decision on the Application for Annulment, April 16, 2009, para. 69.

35 Ibid. at para. 72. Similarly, Judge Shahabuddeen’s dissent, at paras. 7-15.

36 And, what is more, perishable and consumable goods.