On October 12, 2005, the Secretary-General of ICSID dispatched to the parties certified copies of the Award rendered by the Tribunal in this arbitration (the “Award”). On October 18, 2005, in accordance with Article 49 of the ICSID Convention and Rule 49 of the ICSID Arbitration Rules, the Respondent Romania submitted a Request for Rectification of the Award (the “Request”) dated October 17, 2005.
On October 26, 2005, the Secretary-General registered the Request, pursuant to ICSID Arbitration Rule 49(2)(a). On the same date, the Secretary-General, in accordance with ICSID Arbitration Rule 49(2)(b), notified the parties of the registration of the Request and, in accordance with ICSID Arbitration Rule 49(2)(c) and (d), transmitted copies of the Request to Noble Ventures, Inc, and to each member of the Tribunal.
The tribunal has taken into consideration Article 49(2) of the ICSID Convention, in accordance with which the Request is made, which reads, in pertinent part:
The Tribunal upon the request of a party made within 45 days after the date on which the award was rendered may after notice to the other party decide any question which it had omitted to decide in the award, and shall rectify any clerical, arithmetical or similar error in the award. Its decision shall become part of the award and shall be notified to the parties in the same manner as the award.
For the purpose of ICSID Arbitration Rule 49(4), the present decision refers to the terms of the Award dated October 12, 2005, relating to the matters indicated in Arbitration Rule 47(1)(a-g). In accordance with Article 49(2) of the ICSID Convention, the present decision constitutes an integral part of the Award.
Déjà enregistré ?