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International Arbitration Forum

International Container Terminal Services Inc. v. Republic of Honduras

Case summary

At a glance

Parties
International Container Terminal Services, Inc. (ICTSI) (Philippines) v. Republic of Honduras
Case no.
ICSID Case No. ARB/24/34
Forum and rules
ICSID
Sector
Port and container terminal operations
Outcome
Only the registration of the request for arbitration is shown; the published document does not show any decision or outcome.

The dispute

International Container Terminal Services, Inc. (ICTSI) is a company incorporated in Manila, Philippines. Its Honduran subsidiary is Operadora Portuaria Centroamericana, S.A. de C.V. (OPC). ICTSI and OPC each requested ICSID arbitration against the Republic of Honduras, alleging that Honduras had breached certain obligations. The only published document is ICTSI's disclosure to the Philippine Securities and Exchange Commission dated 19 August 2024. It reports that ICSID registered both requests and refers to Honduras's denunciation of the ICSID Convention on 24 February 2024. The document does not describe the claims, the legal basis relied on or Honduras's defences.

Key holdings

  1. No decision has been published. ICTSI's SEC disclosure reports only that ICSID registered the arbitrations requested by ICTSI and OPC against Honduras. It states that the proceedings have no impact on day-to-day operations and that the companies remain open to further talks with the Government of Honduras. p. 2

Procedural history

  1. 24 February 2024Honduras denounces the ICSID Convention (as reported in the claimant's disclosure).
  2. 19 August 2024ICTSI discloses to the Philippine SEC that ICSID has registered the arbitrations requested by ICTSI and OPC against Honduras.

Keywords

Summary generated with AI from the published documents — refer to the award for the authoritative text.

Case ID
ICSID Case No. ARB/24/34
Country
Economic sector
Section