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Pey Casado and Foundation President Allende v Chile, Decision on rectification of the award, ICSID Case No ARB/98/2, IIC 1257 (2017), despatched 6th October 2017, World Bank; International Centre for Settlement of Investment Disputes [ICSID]

1. On 8 May 2008, an arbitral Tribunal composed of Professor Pierre Lalive, Mr. Mohammed Chemloul and Professor Emmanuel Gaillard (“the First Tribunal”) rendered an award in Victor Pey Casado and Foundation “Presidente Allende” v. The Republic of Chile (ICSID Case No. ARB/198/2) (“the First Award”). 2. On 18 December 2012, an ad hoc committee composed of Professor Piero Bernardini, Mr. L. Yves Fortier QC and Professor Ahmed El-Kosheri partially annulled the First Award, subsequent to which the Claimants resubmitted the dispute to a new tribunal (“the Resubmission...
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