Jurisdiction — Of arbitration tribunal —
Joint venture agreement between foreign company and State — Limited
liability company established to carry out project — State to guarantee
and authorize payment of accounts by joint venture company — Accounts
rendered by foreign company not paid Whether State proper party before
tribunal
Damages — For breach of joint venture agreement — Joint venture
agreement between foreign company and State for cultivation and processing of
hemp and construction of textile factory — Changes in economic conditions
rendering project unprofitable — Foreign company insisting on alteration
to programme or repudiation of position as partner and maintenance of status as
supplier and technical expert only — Accounts submitted by foreign
company for supply of materials to joint venture remaining unpaid Whether State
in violation of agreements between the parties
Counterclaim — For breach of joint venture agreement — Joint
venture agreement between foreign company and State for cultivation and
processing of hemp and construction of textile factory — Changes in
economic conditions rendering project unprofitable — Foreign company
insisting on alteration to programme or repudiation of position as partner and
maintenance of status as supplier and technical expert only — State
failing to require performance with contractual obligations — Whether
foreign company liable for damages for repudiation of agreements between the
parties
Costs — Parties both claiming repudiation and termination of agreements
between them — Neither party proving claim — Parties bearing own
costs of proceedings
