Sentences with phrase «ii expropriated»

Not exact matches

The tribunal held that Venezuela breached Articles II (2) and VII (1) of the treaty by failing to accord Crystallex's investments in Venezuela fair and equitable treatment and by unlawfully expropriating those investments The ruling made headlines in Bloomberg, Reuters, Global Arbitration Review, Investment Arbitration Reporter and other news outlets.

For practical purposes, a breach may arise: (i) if a state may makes discriminatory legislative reforms which adversely affect the international investment; or (ii) if a state arbitrarily or capriciously denies tax exemptions to international investors in respect of revenues or profits generated by their investment; or (iii) if a state discriminates against an international investor by refusing to grant or renew permits; or (iv) if a state expropriates investment assets without due and proper compensation paid to the investor etc..

(ii) that the person is acting for or on behalf of the expropriating authority and not for or on behalf of any other party, and