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In the Matter of the Arbitration Between Valentine Petroleum & Chemical Corporation and Agency For International Development.

Arbitration Tribunal (De Vries, Rogers and Sebes).  15 September 1967 .

Published online by Cambridge University Press:  01 January 2021

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Abstract

Damages — Measure of — Indirect damages and damages for loss of profits — Heads of damage recoverable for cancellation of concession — Investment under U.S. Investment Guaranty Program Whether future profits from operation of concession to run oil refinery recoverable — Concession cancelled before refinery constructed.

State responsibility — Kinds of — For revocation of concessionary contracts — Unilateral annulment of concession — Grant of substantially similar concession by Government to third party — Applicability of local remedies rule — Investment guaranteed under United States Investment Guaranty Program — Heads of damage recoverable under Contract of Guaranty — Loss of future profits — Sums expended on services contributing to investment project — Salary of sole stockholder.

Keywords

DamagesState responsibility
Type
Case Report
Information
International Law Reports , Volume 44 , 1972 , pp. 79 - 100
Copyright
© Cambridge University Press 1972

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