Transcript Provisional Measures

Provisional measures in ICSID
arbitration
Emmanuelle Cabrol, Partner
Herbert Smith LLP
15th Investment Treaty Forum, 10 September 2010
Article 47 – Washington
Convention
• “the Tribunal may, if it considers
that the circumstances so require,
recommend any provisional
measures which should be taken
to preserve the respective rights of
either party”
ICSID Public decisions on
CEMEX v Venezuela
(2010)
provisional
measures
Quiborax v Bolivia (2010)
Giovanna A Beccara v
Argentina (2010)
Burlington v Ecuador (2009)
Perenco v Ecuador (2009)
Railroad v Guatemala (2008)
City Oriente v Ecuador
(2007)
Occidental v Ecuador (2007)
Phoenix v Czech Republic
(2007)
Saipem v Bangladesh (2007)
Biwater v Tanzania (2006)
ICSID – public decisions
0.6
How successful?
53%
0.5
42%
0.4
0.3
0.2
0.1
5%
0
No
Yes
Partial
ICSID – all known decisions
How successful?
0.6
52%
0.5
44%
0.4
0.3
0.2
0.1
4%
0
No
Yes
Partial
Test
if “the circumstances so require”
“
to
preserve
rights”
• Prima facie
jurisdiction
• Right
to be preserved
• Urgency
• Necessity (risk of irreparable harm?)
• Balance
ICSID Public decisions on
CEMEX v Venezuela
(2010)
provisional
measures
Quiborax v Bolivia (2010)
Giovanna A Beccara v
Argentina (2010)
Burlington v Ecuador (2009)
Perenco v Ecuador (2009)
Railroad v Guatemala (2008)
City Oriente v Ecuador
(2007)
Occidental v Ecuador (2007)
Phoenix v Czech Republic
(2007)
Saipem v Bangladesh (2007)
Biwater v Tanzania (2006)
ICSID – public decisions
Reasons for refusal
4.5
4
4
3.5
3
3
2.5
2
2
2
1.5
1
0.5
0
Not necessary
Not urgent
No right
Other
ICSID – public decisions
Type of measure requested
8
7
7
6
5
5
4
3
3
3
2
1
1
0
Adverse acts
Procedural
Specific
performance
Court
proceedings
Other
ICSID – public decisions
8
7
6
Success rate by measure
requested
Yes
1
No
5
4
Partial
1
3
3
2
1
2
3
4
3
1
1
0
Adverse acts
Procedural
Specific
performance
Court
proceedings
Other
ICSID – public decisions
Timing
CEMEX v Venezuela
(2010)
Quiborax v Bolivia
(2010)
Burlington v Ecuador
(2009)
Perenco v Ecuador
(2009)
Railroad v Guatemala
(2008)
City Oriente Ltd v
Ecuador (2007)
Occidental v Ecuador
(2007)
Phoenix v Czech
Republic (2007)
Saipem v Bangladesh
(2007)
Biwater v Tanzania
(2006)
Plama v Bulgaria (2005)
Tokios Tokeles v
Time between
Request and
Decision (Days)
Time between
Constitution and
Decision (Days)
183
240
164
800
129
223
373
168
55
184
41
46
303
192
71
88
695
576
74
39
190
574
Request before
Constitution?
Yes
Yes
Yes
Alliance offices