Suchergebnisse

501Arbitration — Jurisdiction — International Centre for the Settlement of Investment Disputes (icsid) — Egyptian investment law providing for recourse to icsid arbitration — Joint venture agreement entered into between State and foreign investor pursuant to State's municipal investment law — Joint venture project cancelled by State — Foreign investor not waiving right to continue pursuit of other remedies prior to instigation of (icsid) arbitration proceedings — Whether failure to waive other remedies impairs consent to (icsid) arbitration — icsid Convention, Article 26Arbitration — Agreement to arbitrate — State investment law providing for recourse to icsid jurisdiction in certain circumstances — Whether clause in investment law constitutes consent to arbitrate — icsid Convention, Article 25Arbitration — Applicable law — Joint venture agreement between State and foreign investor entered into pursuant to State's municipal investment law — Whether clause in investment law constitutes consent to icsid jurisdiction — Absence of specifically agreed choice of law — Law of Contracting State together with applicable principles of international law — icsid Convention, Article 42(1)Arbitration — Procedure — Stay of proceedings — Power of tribunal to order — Same parties and dispute before other forum — Need to preserve international judicial order and avoid clashes between competing jurisdictions — Findings of fact — Dispute submitted to International Chamber of Commerce arbitration — icc tribunal rendering award — icc award annulled on basis that icc tribunal lacked jurisdiction to hear the dispute — Same dispute subsequently submitted to icsid arbitration — Whether icsid tribunal has power to adopt findings of fact made by previous tribunal hearing the same dispute — Costs of arbitrationTreaties — Interpretation — Instruments conferring jurisdiction on international tribunals — Principles of interpretation — To be interpreted neither restrictively nor expansively but objectively and in good faith — No presumption of jurisdiction — icsid Convention and Egyptian municipal laws502Expropriation — Taking of property — Joint venture agreement between State and foreign investor for tourist development — Project encountering domestic political opposition due to presence of antiquities on development site — State cancelling project — Exercise of right of eminent domain — Nationalization or confiscation pursuant to municipal law of State requiring fair compensationExpropriation — Compensation — Requirement of fair compensation — Valuation of expropriated property — Investment in joint venture company — Capital expenditure — Loss of opportunity — Effective date of assessment — CostsState responsibility — For acts of officials — State authorities agreeing to and approving joint venture project between State and foreign investor — Foreign investor relying on State officials in entering into project — Allegations that project lay outside scope of municipal laws — Whether failure to comply with municipal law not opposable to investor in international law — Whether State responsible for unauthorized or ultra vires acts of its officials and agentsRelationship of international law and municipal law — Effect of breach by State of its requirements of municipal law — State failing to comply with publication and registration requirements of its municipal law relating to joint venture contracts and State decrees — Whether exempting State from liability under international law for failure to perform contractual obligations

Arbitration — Enforcement of award — Award rendered abroad — Action for enforcement in municipal courts — New York Convention on the Recognition and Enforcement of Foreign Arbitral Awards, 1958, Articles IV and V — Conditions for refusal of enforcement — Burden of proof — Pending action for annulment of award before courts of country where award rendered — Whether award to be regarded as set aside or suspended — The law of the Netherlands

Sovereign immunity — Foreign States and agencies and their property — Agreement for lease of films by television authority of foreign State — Action for breach of agreement — Whether authority entitled to jurisdictional immunity — European Convention on State Immunity, 1972, Articles 1 to 15 — Whether declaratory of existing international law on jurisdictional immunity of States — Acts iure imperii and iure gestionis — Whether nature or purpose of act decisive — Requirement of close connection between case and forum — Attachment of assets — Immunity from attachment — European Convention on State Immunity, 1972, Article 23 — Whether declaratory of existing international law on immunity from enforcement of States — Egyptian Office of Information and Tourism — Whether entitled to immunity from attachment — Whether its assets allocated for the performance of sovereign functions — Relevance of distinction between patrimonial and administrative assets — Whether purpose for which assets are allocated is decisive — The law of Switzerland