June 25, 2020 - AS PNB Banka and others v. Republic of Latvia (ICSID Case No. ARB/17/47) Decision on the Proposals to Disqualify Messrs. James Spigelman, Peter Tomka and John M. Townsend (June 16, 2020)

06/25/2020 | 02:54pm EST

Subject of Dispute:

Banking enterprise
Economic Sector:

Finance
Instrument(s) Invoked: i

BIT Latvia - United Kingdom of Great Britain and Northern Ireland 1994
Applicable Rules:

ICSID Convention - Arbitration Rules

(a)Original Proceeding
- Claimant(s)/Nationality(ies): i
  
  AS PNB Banka (Latvian), Grigory Guselnikov (British), Yulia Guselnikova (British), Alexander Guselnikov (British), Aglaya Guselnikova (British), Pyotr Guselnikov (British)
- Respondent(s):
  
  Republic of Latvia (Latvian)
- Date Registered:
  
  December 28, 2017
- Date of Constitution of Tribunal:
  
  July 5, 2018
- - Composition of Tribunal
  - President:
    
    James SPIGELMAN (Australian) - Appointed by the Parties
  - Arbitrators:
    
    John M. TOWNSEND (U.S.) - Appointed by the Claimant(s)
    Peter TOMKA (Slovak) - Appointed by the Respondent(s)
- - Initial Composition of Tribunal:
  - President:
    
    James SPIGELMAN (Australian) - Appointed by the Parties
  - Arbitrators:
    
    Stanimir A. ALEXANDROV (Bulgarian) - Appointed by the Claimant(s)
    Peter TOMKA (Slovak) - Appointed by the Respondent(s)
  - Reconstituted:
    
    September 29, 2018: John M. TOWNSEND (U.S.) appointed following the resignation of Stanimir A. ALEXANDROV (Bulgarian)
- - Party Representatives
  - Claimant(s):
    
    Quinn Emanuel Urquhart & Sullivan, London, U.K.
    Vigo Krastinš, Riga, Latvia
    
    Respondent(s):
    
    State Chancellery, Riga, Latvia
    Savoie Arbitration, Paris, France
    Marie P. Michon, Paris, France
  - Language(s) of Proceeding:
    
    English
  - Status of Proceeding:
    
    Pending
  - Latest Development:
    
    June 16, 2020 - The proposal for disqualification of arbitrators James Spigelman, John M. Townsend and Peter Tomka is declined by the Chairman of the Administrative Council. The proceeding is resumed pursuant to ICSID Arbitration Rule 9(6).

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ICSID - International Centre for Settlement of Investment Disputes published this content on 25 June 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 25 June 2020 18:53:01 UTC

June 25, 2020 - AS PNB Banka and others v. Republic of Latvia (ICSID Case No. ARB/17/47) Decision on the Proposals to Disqualify Messrs. James Spigelman, Peter Tomka and John M. Townsend (June 16, 2020)

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