A. PROCEDURAL HISTORY 

1. On September 14, 2006, a number of individuals and corporations claiming to hold sovereign bonds issued by the Argentine Republic (“Claimants”) submitted a Request for Arbitration to the International Centre for Settlement of Investment Disputes (“ICSID” or the “Centre”) against the Argentine Republic (“Argentina” or “Respondent”). 

2. On February 7, 2007, the Secretary-General of ICSID registered the Request for Arbitration pursuant to Article 36(3) of the Convention on the Settlement of Investment Disputes between States and Nationals of Other States (“Convention”). 

3. The Arbitral Tribunal was constituted on February 6, 2008. Its members were Dr. Robert Briner, a Swiss national, appointed as President pursuant to Article 38 of the ICSID Convention, Professor Georges Abi-Saab, an Egyptian national, appointed by Argentina, and Professor Albert Jan van den Berg, a Dutch national, appointed by the Claimants. Following the resignation of Dr. Briner due to ill health, the Tribunal was reconstituted on September 2, 2009, with Professor Pierre Tercier, also a Swiss national, being appointed as President of the Tribunal by agreement of the parties.