June 25, 2020 - AS PNB Banka and others v. Republic of Latvia (ICSID Case No. ARB/17/47) Decision on the Proposals to Disqualify Messrs. James Spigelman, Peter Tomka and John M. Townsend (June 16, 2020)

• Subject of Dispute:
  Banking enterprise
• Economic Sector:
  Finance
• Instrument(s) Invoked: i
  BIT Latvia - United Kingdom of Great Britain and Northern Ireland 1994
• Applicable Rules:
  ICSID Convention - Arbitration Rules

• (a)Original Proceeding
  • Claimant(s)/Nationality(ies): i
    AS PNB Banka (Latvian), Grigory Guselnikov (British), Yulia Guselnikova (British), Alexander Guselnikov (British), Aglaya Guselnikova (British), Pyotr Guselnikov (British)
  • Respondent(s):
    Republic of Latvia (Latvian)
  • Date Registered:
    December 28, 2017
  • Date of Constitution of Tribunal:
    July 5, 2018
  • • Composition of Tribunal
    • President:
      James SPIGELMAN (Australian) - Appointed by the Parties
    • Arbitrators:
      John M. TOWNSEND (U.S.) - Appointed by the Claimant(s)
      Peter TOMKA (Slovak) - Appointed by the Respondent(s)
  • • Initial Composition of Tribunal:
    • President:
      James SPIGELMAN (Australian) - Appointed by the Parties
    • Arbitrators:
      Stanimir A. ALEXANDROV (Bulgarian) - Appointed by the Claimant(s)
      Peter TOMKA (Slovak) - Appointed by the Respondent(s)
    • Reconstituted:
      September 29, 2018: John M. TOWNSEND (U.S.) appointed following the resignation of Stanimir A. ALEXANDROV (Bulgarian)
  • • Party Representatives

    • Claimant(s):

      Quinn Emanuel Urquhart & Sullivan, London, U.K.
      Vigo Krastinš, Riga, Latvia

      Respondent(s):

      State Chancellery, Riga, Latvia
      Savoie Arbitration, Paris, France
      Marie P. Michon, Paris, France

    • Language(s) of Proceeding:
      English
    • Status of Proceeding:
      Pending
    • Latest Development:
      June 16, 2020 - The proposal for disqualification of arbitrators James Spigelman, John M. Townsend and Peter Tomka is declined by the Chairman of the Administrative Council. The proceeding is resumed pursuant to ICSID Arbitration Rule 9(6).