Schindler Holding AG (Switzerland) v. Republic of Korea

Schindler Holding AG initiated these proceedings against the Republic of Korea on 10 October 2018 pursuant to Article 16 of the Agreement on Investment between the Republic of Korea and the Republic of Iceland, the Principality of Liechtenstein, and the Swiss Confederation and the UNCITRAL Arbitration Rules 1976.  The PCA acts as registry for this arbitration.

Case information

Name(s) of Claimant(s) Schindler Holding AG (Switzerland) (Private entity )
Name(s) of Respondent(s) Republic of Korea (State)
Names of Parties -
Case number 2019-44
Administering institution Permanent Court of Arbitration (PCA)
Case status Pending
Type of case Investment arbitration
Subject matter or economic sector Manufacturing
Procedural rules UNCITRAL Arbitration Rules 1976
Treaty or contract under which proceedings were commenced

Multilateral treaty
Agreement on Investment between the Republic of Korea and the Republic of Iceland, the Principality of Liechtenstein, and the Swiss Confederation

Language of Proceeding English
Seat of Arbitration (by Country) France
Arbitrator(s), Conciliator(s), Other Neutral(s)

Mr. Laurence Shore 

Ms. Loretta Malintoppi

Neil Kaplan CBE KC SBS

Representatives of the Claimant(s)

Mr. Stephen Jagusch KC
Mr. John Rhie
Mr. Duncan Watson KC
Mr. Tom Brebner
Mr. Odysseas G. Repousis
Ms. Lillian Li
Quinn Emanuel Urquhart & Sullivan, LLP


Mr. Byung-Chol Yoon

Mr. Sup-Joon Byun

Ms. Boram Hong
Mr. Theodore Weisman
Ms. Kang Kim
Kim & Chang

Representatives of the Respondent(s)

Mr. Paul Friedland
Mr. Damien Nyer
Mr. Sven Volkmer
Mr. Surya Gopalan
Ms. Joy Lee
White & Case LLP (until 18 April 2023)


Lord (Peter) Goldsmith KC, PC
Ms. Aimee-Jane Lee
Ms. Sarah Lee
Mr. Laith Najjar
Mr. Jesse Hope
Ms. Gökçe Uyar
Debevoise & Plimpton LLP (as of 21 September 2023)


Mr. Junu Kim
Mr. Woojae Kim
Ms. Hangil Lee
Ms. Sodam Kim
Mr. Sarthak Malhotra
Mr. Taehoon Bang
Bae, Kim & Lee LLC


International Dispute Settlement Division, Ministry of Justice

Representatives of the Parties
Number of Arbitrators in case 3
Date of commencement of proceeding 10 October 2018
Date of issue of final award -
Length of Proceedings Pending
Additional notes

10/10/2018: Notice of Arbitration
17/01/2019: Tribunal constituted
05/03/2019: Terms of Appointment adopted
25/10/2019: Case Management Teleconference
25/11/2019: PCA appointed as Registry
02/01/2020: Tribunal issues Procedural Order No. 1
24/01/2020: Claimant submits Statement of Claim
05/06/2020: Respondent submits Statement of Defence
28/10/2020: Arbitration is stayed
10/11/2021: Arbitration is resumed
07/01/2022: Tribunal issues Procedural Order No. 2
19/08/2022: Claimant submits Statement of Reply
10/03/2023: Respondent submits Statement of Rejoinder
21/04/2023: Case Management Videoconference
01/05/2023: June 2023 hearing postponed
18/07/2023: Tribunal issues Interim Award on Costs