Originally from Annulment of ICSID Awards - Hardcover
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The Vivendi Annulment Decision and the Lessons for Future ICSID Arbitrations - The Applicants Perspective
By Stanimir A. Alexandrov
The Decision on Annulment in Vivendi v. Argentina, issued on July 3, 2002, will be of particular interest to international law scholars and practitioners. First and foremost, it represents only the fourth occasion in ICSID’s over 35-year history in which the decision of an arbitral tribunal has been annulled under Article 52 of the ICSID Convention, and thus constitutes a significant addition to the case law on annulment. In advancing the jurisprudence of annulment, the Decision also offers important lessons to the parties considering seeking the annulment of an adverse award.
In addition, in the course of its Decision the ad hoc Committee discussed and affirmed key precepts of bilateral investment treaty (“BIT”) arbitration. The Committee confirmed that ICSID tribunals have jurisdiction over, and are obliged to decide the merits of, claims of breach of a BIT even if a forum selection clause in the contract out of which the dispute arises provides for the exclusive jurisdiction of local courts. It also suggested that the distinction between “sovereign” and “contractual” acts of a government might lose its relevance in the context of arbitrating BIT claims.
Full Table of Contents for "Annulment of ICSID Awards"
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Foreword
Charles N. Brower
Introduction
Emmanuel Gaillard
Part I General Features of ICSID Annulment Proceedings
Article 52 of the Washington Convention – A Brief Introduction
Hans Van Houtte
Three Generations of ICSID Annulment Proceedings
Christoph Schreuer
Finality at What Cost? The Decision of the Ad Hoc Committee in Wena Hotels v. Egypt
Eric A. Schwartz
Litigating Annulment Proceedings – The Vivendi Matter: Contract and Treaty Claims
Bernardo M. Cremades
The Vivendi Annulment Decision and the Lessons for Future ICSID Arbitrations – The Applicants’ Perspective
Stanimir A. Alexandrov
Vivendi v. Argentina: on the Admissibility of Requests for Partial Annulment and the Ground of a Manifest Excess of Powers
Carlos Ignacio Suarez Anzorena
Stay of Enforcement of the Arbitral Award Pending ICSID Annulment Proceedings
Paul D. Friedland
Part II The Review of ICSID Arbitral Awards
Annulment of ICSID Awards in Contract and Treaty Arbitrations: Are There Differences?
Gabrielle Kaufmann-Kohler
The Extent of Review of the Applicable Law in Investment Treaty Arbitration
Emmanuel Gaillard
To What Extent Can an Ad Hoc Committee Review the Factual Findings of an Arbitral Tribunal
Pierre Mayer
To What Extent May an Ad Hoc Committee Review the Factual Findings of an Arbitral Tribunal Based on a Procedural Error?
Peter D. Trooboff
Setting Aside Additional Facility Awards: the Metalclad Case
Henri C. Alvarez
The Introduction of an Appellate Mechanism: the U.S. Trade Act of 2002
Barton Legum
Concluding Remarks
Pierre Lalive
Annexes
Annex 1 Wena Hotels Limited v. Arab Republic of Egypt, Award of December 8, 2000
Annex 2 Wena Hotels Limited v. Arab Republic of Egypt, Decision of the Ad Hoc Committee, February 5, 2002
Annex 3 Compañía de Aguas del Aconquija S.A. and Compagnie Générale des Eaux v. Argentine Republic, Award of November 21, 2000
Annex 4 Compañía de Aguas del Aconquija S.A. and Vivendi Universal (formerly Compagnie Générale des Eaux) v. Argentine Republic, Decision of the Ad Hoc Committee, July 3, 2002
Stanimir A. Alexandrov, Partner and Senior International Advisor, Sidley Austin Brown & Wood LLP, Washington, D.C.; Member of the legal team representing Compañía de Aguas del Aconquija and Vivendi Universal before ICSID. He was formerly the Vice Minister of Foreign Affairs of Bulgaria.
