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Commerce Group v. El Salvador, Decision on El Salvador's Application for Security for Costs, ICSID Case No. ARB/09/17 (September 20, 2012)

Author(s): 
Emmanuel Gaillard
Published: 
September, 2012
Jurisdictions: 
El Salvador
Practice Areas: 
Investment Disputes,
Appeal to Arbitral Tribunal and Annulment,
Interest and Costs,
CAFTA
Tags: 
Security of Costs
Source: 
Investment Treaty Arbitration
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I. PROCEDURAL HISTORY

1. On July 12, 2011, the International Centre for Settlement of Investment Disputes ("ICSID" or the "Centre") received an Application for Annulment of the award rendered on March 14, 2011 in the arbitration proceeding of Commerce Group Corp. and San Sebastian Gold Mines, Inc. v. Republic of El Salvador (ICSID Case No. ARB/09/17). The application was brought by Commerce Group Corp. and San Sebastian Gold Mines, Inc. (the "Applicants" or "Claimants") against the Republic of El Salvador (the "Respondent" or "El Salvador").