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Wena Hotels Ltd v. Arab Republic of Egypt
Published online by Cambridge University Press: 14 October 2020
Abstract
Interpretation — ICSID award — Admissibility requirements for Application for Interpretation — Whether full payment of amount stipulated within Award precluding investor from seeking interpretation of Award — Application to interpret determination of “expropriation” in Award and its consequences for interrelationship between investor and State — Whether admissible under Article 50 of ICSID Convention
Interpretation — ICSID award — Whether determination in Award that investment subject to “expropriation” meaning total and permanent deprivation of investor’s fundamental rights of ownership in assets constituting the investment — Whether such a determination precluding State from legal actions presuming the contrary of Tribunal’s determination in Award
Interpretation — ICSID award — Application to determine consequences of determination of “expropriation” in Award for relationships between the investor and third parties — Whether admissible under Article 50 of ICSID Convention
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