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Procedural Issue Substantive Issue

Year the case was initiated1998
Year the award was rendered2001
Country involvedParaguay
Home country of the investorPeru
Parties to the disputeEudoro Armando Olguin v. Republic of Paraguay (ICSID Case No. ARB/98/5)
Sector2
Type of investmenta company for the manufacture and distribution of food products in Paraguay
Nature of dispute / claimclaims arising out of Republic of Paraguay and its agencies alleged negligent conduct in supervising the activities of a domestic financial institution that had been financed by the investor
Legal instrumentParaguay-Peru BIT
Rules / VenuesICSID
Amount sought by investor2,407,057,500 Paraguayan Guarani (US$ 1,342,475 as of June 30, 1995) plus interest
Amount awarded / status of disputeno damage awarded
ArbitratorsMr. Rodrigo Oreamuno (Chair); Mr. Francisco Rezek; Mr. Eduardo Mayora Alvarado
Decisions renderedAward issued on 26 July 2001
Statusawarded in favor of the state
Linkshttp://www.worldbank.org/icsid/cases/Olgun-award-en.pdf
Commentary (if any)
Special features