1. On June 12, 2009 the Claimant, International Company for Railway Systems (hereinafter “ICRS”) with Privatization Holding Company (hereinafter “PHC”) filed a joint Request for Arbitration with the International Centre for the Settlement of Investment Disputes (hereinafter “ICSID”) against the Government of the Hashemite Kingdom of Jordan (the Respondent”). The Respondent and the Public Transport Regulatory Commission (hereinafter “PTRC”), a juridical entity established under the laws of the Hashemite Kingdom of Jordan, concluded on 18 October 2007 the Implementation Agreement (hereinafter “IA”) for the ICRS to build operate and transfer a light railway system (the LRS Project) connecting the Jordanian cities of Amman and Zarqa. The dispute requiring arbitration arose from ICRS’ allegation that the Respondent, the Hashemite Kingdom of Jordan, “unlawfully and in bad faith terminated the IA, thereby depriving the Claimant of the profits, privileges and the commercial opportunities they would have enjoyed had the IA continued to be performed in accordance with its terms.”1 The Request for Arbitration was registered by the Secretary-General on July 16, 2009.
2. On February 26, 2010 the Tribunal held its first meeting in Paris where a provisional agenda for the proceedings was adopted. At that meeting the Respondent indicated its intention to file objections to the Tribunal’s jurisdiction. On that same day, pursuant to PHC’s Request for Withdrawal Under Rule 44 of the Arbitration Rules, the Tribunal adopted Procedural Order No. 1 by which the proceedings with respect to PHC were discontinued, but would continue in all other respects.