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MTD Equity Sdn. Bhd. & MTD Chile S.A. v. Chile, ICSID Case No. ARB/01/7 (Malaysia/Chile BIT), Ad Hoc Committee's Decision on the Respondent's Request for a Continued Stay of Execution

Author(s): 
Judge Gilbert Guillaume
James R. Crawford
Sara Ordonez Noriega
Published: 
June, 2005
Jurisdictions: 
Malaysia,
Chile
Practice Areas: 
ICSID,
BITS,
Investment Disputes,
Stay of Enforcement
Tags: 
Stay of Enforcement
Source: 
http://italaw.com/alphabetical_list.htm
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On 30 September 2004, the International Centre for Settlement of Investment Disputes (ICSID or the Centre), pursuant to Rule 50(2) of the ICSID Rules of Procedure for Arbitration Proceedings (Arbitration Rules), registered an application by the Republic of Chile (Chile) for the annulment of the Award of the Tribunal rendered on 25 May 2004 (the Award), in the case of MTD Equity Sdn. & MTD Chile S.A. v. The Republic of Chile (ICSID Case No. ARB/01/07) (the Application). Under the Award, the Republic of Chile is to pay approximately USD5.87 million, plus interest, to MTD Equity Sdn. & MTD Chile S.A. (MTD or the Claimants).