2018
GBM Global and others v. Spain Elías Abadi Cherem, Jaime Abadi Cherem, Abraham Abadi Tawil and others v. Kingdom of Spain (ICSID Case No. ARB/18/33)
Spain
Mexico
Shareholding and bondholding in Banco Popular Español, S.A., one of Spain’s largest banks.
Claims arising out of the Government’s withdrawal of significant amounts of deposits from Banco Popular. The authorities allegedly refused to provide financial support during the Bank’s ensuing liquidity crisis in 2017, which led to the Bank’s forced resolution and sale to a Spanish bank – the sole bidder in the auction – for one euro.
Tertiary: K - Financial and insurance activities
64 - Financial service activities, except insurance and pension funding
ICSID (International Centre for Settlement of Investment Disputes)
ICSID (International Centre for Settlement of Investment Disputes)
Name not available
Park, W. W.
Blair, W.
Order taking note of the discontinuance of the proceeding pursuant to ICSID Arbitration Rule 44 dated 27 June 2019
470.00 mln EUR (543.20 mln USD)
Data not available
Fair and equitable treatment/Minimum standard of treatment, including denial of justice claims

Most-favoured nation treatment

National treatment

Direct expropriation

Indirect expropriation
Not applicable - settled or discontinued before decision on liability
None