Rusoro Mining Ltd.
Rusoro Mining Ltd.

Corporate


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Rusoro Mining Ltd. Rusoro Mining Ltd.

International Arbitration


Procedural Status

Original Arbitration Proceeding
Date Development
August 01, 2012 The Secretary-General registers a request for the institution of arbitration proceedings.
October 15, 2012 Following appointment by the Claimant, Francisco Orrego Vicuña (Chilean) accepts his appointment as arbitrator.
October 31, 2012 The Claimant files a request for the Chairman of the Administrative Council to appoint the arbitrators not yet appointed pursuant to Article 6(4) of the ICSID Arbitration (Additional Facility) Rules.
November 12, 2012 Following appointment by the Respondent, Brunno Simma (German/Austrian) accepts his appointment as arbitrator.
January 04, 2013 The Tribunal is constituted in accordance with Article 6(3) of the ICSID Arbitration (Additional Facility) Rules. Its members are: Juan Fernández Armesto (Spanish), President, appointed by agreement of the parties; Francisco Orrego Vicuña (Chilean), appointed by the Claimant; and Bruno Simma (German/Austrian), appointed by the Respondent.
January 04, 2013 Following appointment by the parties, Juan Fernández Armesto (Spanish) accepts his appointment as presiding arbitrator.
February 08, 2013 The Tribunal holds a first session by telephone conference.
March 20, 2013 Rusoro Files a Statement of Claim against the Bolivarian Republic of Venezuela. Based on a March 15, 2013 valuation performed by an independent expert, Rusoro seeks compensation for all of its losses caused by Venezuela's breaches of the Bilateral Investment Treaty in the amount of US$ 3.03 billion.
March 28, 2013 The Respondent files a proposal for disqualification of arbitrator Francisco Orrego Vicuña.
April 18, 2013 The Claimant files observations on the proposal for disqualification.
April 24, 2013 The Respondent files a request to address the objections to jurisdiction as a preliminary question.
April 29, 2013 The arbitrator furnishes explanations regarding the proposal for disqualification in accordance with ICSID Arbitration (Additional Facility) Rule 15(4).
May 13, 2013 The parties file simultaneous observations on the proposal for disqualification.
May 15, 2013 The Claimant files observations on the request to address the objections to jurisdiction as a preliminary question.
June 14, 2013 The proposal for disqualification of arbitrator Francisco Orrego Vicuña is declined. The proceeding is resumed pursuant to ICSID Arbitration (Additional Facility) Rule 15(7).
July 16, 2013 The Tribunal issues a decision on the Respondent's request to address the objections to jurisdiction as a preliminary question.
January 30, 2014 The Respondent files a counter-memorial on jurisdiction and the merits.
May 01, 2014 The Tribunal issues Procedural Order No. 2 concerning production of documents.
June 12, 2014 The Claimant files a reply on jurisdiction and the merits.
June 30, 2014 The Tribunal issues Procedural Order No. 3 concerning production of documents.
July 08, 2014 The Tribunal issues Procedural Order No. 4 concerning production of documents.
July 15, 2014 The Claimant files a request for the Tribunal to decide on the admissibility of new evidence.
July 21, 2014 The Respondent files observations on the Claimant's request of July 15, 2014.
July 23, 2014 The Claimant files a response to the Respondent's observations of July 21, 2014.
July 28, 2014 The Respondent files further observations on the Claimant's response of July 23, 2014.
September 15, 2014 The Tribunal issues a decision on the admissibility of new evidence.
October 13, 2014 The Respondent files a rejoinder on jurisdiction and the merits.
November 12, 2014 Following exchanges between the parties, the Tribunal issues a decision on admissibility of evidence and hearing dates.
November 26, 2014 The Tribunal issues Procedural Order No. 4A concerning procedural matters.
December 04, 2014 Following exchanges between the parties, the Tribunal issues Procedural Order No. 5 concerning production of documents, admissibility of evidence and procedural matters.
December 7 - 12, 2014 The Tribunal holds a hearing on jurisdiction and the merits in Washington, D.C.
January 28, 2015 Following exchanges between the parties, the Tribunal issues Procedural Order No. 6 concerning production of documents and admissibility of evidence.
February 1 - 4, 2015 The Tribunal holds the continuation of a hearing on jurisdiction and the merits in Washington, D.C.
March 12, 2015 Following exchanges between the Parties, the Tribunal issues Procedural Order No. 7 concerning the admissibility of new evidence.
May 5, 2015 Following exchanges between the Parties, the Tribunal issues Procedural Order No. 8 concerning the admissibility of new evidence.
June 03, 2015 Each party files a post-hearing brief.
July 01, 2015 Each party files a statement of costs.
June 29, 2016 The Tribunal declares the proceeding closed in accordance with Article 44(1) of the ICSID Arbitration (Additional Facility) Rules.
August 22, 2016 The Tribunal renders its award.

International Centre for Settlement of Investment Disputes ("ICSID")

Information about the case and the progress of the arbitration can also be viewed on the website of the International Centre for Settlement of Investment Disputes ("ICSID") at http://icsid.worldbank.org/ICSID/. Under "Search" enter Rusoro. The website also contains general information about ICSID.  
Rusoro Mining Ltd.
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