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Cases Eudoro Armando Olguin V. Republic of Paraguay (Icsid Case No. Arb/98/5)

By Flores, Gonzalo

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Book Id: WPLBN0000225484
Format Type: PDF eBook
File Size: 0.1 MB
Reproduction Date: 2005
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Title: Cases Eudoro Armando Olguin V. Republic of Paraguay (Icsid Case No. Arb/98/5)  
Author: Flores, Gonzalo
Language: English
Subject: Economics, Finance & business, World Bank.
Collections: Economics Publications Collection
Publication Date:
Publisher: The World Bank


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Flores, G. (n.d.). Cases Eudoro Armando Olguin V. Republic of Paraguay (Icsid Case No. Arb/98/5). Retrieved from


On October 27, 1997, Mr. Eudoro Armando Olguín, a Peruvian national, filed with the Centre a request for arbitration against the Republic of Paraguay. The dispute arose out of the bankruptcy of a Paraguayan financial institution in which Mr. Olguín had made deposits of over one million dollars, for the purpose of setting up a food production and distribution enterprise in Paraguay. Mr. Olguín invoked in his request, as the source of Paraguay?s consent to ICSID arbitration, the dispute-settlement provisions of the 1994 bilateral investment treaty between Paraguay and Peru (the BIT). In the absence on an agreement between the parties, the Tribunal was to be constituted in accordance with Article 37(2)(b) of the ICSID Convention (i.e. one arbitrator appointed by each party, and a third presiding arbitrator appointed by agreement of the parties). Mr. Olguín appointed Professor Dale Beck Furnish, a U.S. national and Professor of Law at Arizona State University as an arbitrator. Paraguay in turn appointed Judge Francisco Rezek, the Brazilian member of the International Court of Justice. The President of the Tribunal was Mr. Rodrigo Oreamuno Blanco, a former Vice-President of Costa Rica and one of Costa Rica?s designees to the ICSID Panel of Arbitrators, appointed, in accordance with Article 38 of the ICSID Convention, by the Chairman of ICSID Administrative Council.


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