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Abaclat and ors v Argentina, Procedural order no 12, ICSID Case No ARB/07/05, IIC 810 (2012), 7th July 2012, World Bank; International Centre for Settlement of Investment Disputes [ICSID]

1. The proceeding will be divided in two main phases, Phases 2 and 3, and Phase 2 will further be divided into three sub-phases: Phases 2A and 2B running in parallel, as determined below, and Phase 2C joining and concluding Phases 2A and 2B. 2. Phase 2A will concern the merits issues and will include: 3. Without prejudice to the generality of the issues, in the Memorial on the Merits and the Counter-Memorial on the Merits, Claimants and Respondent, respectively, will also address: (a) whether, to the extent relevant, the legitimate expectations of investors are to...
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