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Procedural Issue Substantive Issue

Year the case was initiated2001
Year the award was rendered2007
Country involvedChile
Home country of the investorMalaysia
Parties to the disputeMTD Equity Sdn. Bhd. and MTD Chile S.A. v. Chile (ICSID Case No. ARB/01/7)
Sector2
Type of investmentconstruction of residential and commercial complex
Nature of dispute / claimclaims arising out of the denial of zoning modification necessary in order to execute a development project
Legal instrumentChile-Malaysia BIT
Rules / VenuesICSID
Amount sought by investorapprox US$ 20 million plus interest
Amount awarded / status of disputeUS$ 5,871,322.42 awarded plus compound interest from 5 November 1998 until payment, at LIBOR rate on 5 November of each year;
Request for annulment is dismissed by a Ad Hoc Committee
ArbitratorsMr. Andrés Rigo Sureda (Chair); Marc Lalonde; Rodrigo Oreamuno Blanco
Ad Hoc Committee: Gilbert Guillaume (Chair); James R. Crawford; Sara Ordoñez Noriega
Decisions renderedFinal Award issued on 25 May 2004;
Ad Hoc Committee's Decision on the Respondent's Request for a Continued Stay of Execution issued on 1 june 2005
Ad Hoc Committee's Decision on Annulment issued on 21 March 2007
Statusawarded in favor of the investor
Linkshttp://ita.law.uvic.ca/documents/MTD-Award_000.pdf
http://www.investmentclaims.com/decisions/MTD-Chile_Ad_Hoc_Committee_Decision-21-03-07.pdf
Commentary (if any)
Special features