Tribunal stays arbitration pending local court proceedings (ICSID) | Practical Law

Tribunal stays arbitration pending local court proceedings (ICSID) | Practical Law

In Bureau Veritas, Inspection, Valuation, Assessment and Control BIVAC BV v The Republic of Paraguay (ICSID Case No ARB/07/9), an ICSID tribunal has stayed proceedings in order to give the claimant an opportunity to commence local court proceedings under the relevant contract.

Tribunal stays arbitration pending local court proceedings (ICSID)

Practical Law UK Legal Update 7-522-1352 (Approx. 7 pages)

Tribunal stays arbitration pending local court proceedings (ICSID)

by PLC Arbitration
Published on 31 Oct 2012 • International, USA (National/Federal)
In Bureau Veritas, Inspection, Valuation, Assessment and Control BIVAC BV v The Republic of Paraguay (ICSID Case No ARB/07/9), an ICSID tribunal has stayed proceedings in order to give the claimant an opportunity to commence local court proceedings under the relevant contract.