WHEREAS, on 14 April 2014, the Tribunal issued Procedural Order No. 8 in the present arbitration, which addressed the manner in which the Respondent’s preliminary objections would be heard, in a preliminary phase of the proceedings or joined to the merits;

WHEREAS, in Procedural Order No. 8, the Tribunal decided that the proceedings would be bifurcated, such that the first phase of the proceedings would deal only with the Respondent’s “Non-Admission of Investment Objection” (First Objection) and “Temporal Objection” (Second Objection);

WHEREAS the Tribunal invited the Parties to consult with each other in respect of a timetable for this phase of the proceedings (“Timetable”) on the basis of a model annexed to Procedural Order No. 8;

WHEREAS, on 11 May 2014, the Parties proposed an agreed Timetable for the Tribunal’s consideration and approval;