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(1) Neither Contracting Bash shall in its territory issue investments or returns of investors of one other Contracting Party to treatment a lot less favourable than that which it accords to investments or returns of buyers of any 3rd State.
seven. When Claimant procured its Yukos shares, it absolutely was much from specific that the company’s difficulties would confirm to be just about anything in addition to short term. At the moment;
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The sequence of events, as well as sheer selection and accumulation of hostile actions, all position on the conclusion that the Russian Federation abused its tax enforcement powers to expropriate strategic petroleum property controlled by a political opponent on the Russian Condition:
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Ремонт кирхи королевы Луизы будет продолжен в Калининграде
When Respondent now argues that Claimant was not a advantageous operator, this is irrelevant. The Saluka circumstance (CLA-34) and a the latest jurisdiction conclusion taken by a tribunal examining Yet another case involving Yukos have recognized that advantageous possession is irrelevant. In another Yukos situation, Professor Gaillard summarised the Tribunal’s findings: "The Tribunal also uncovered which the treaty, by its conditions, relates to an financial commitment owned nominally by a certified investor. It held which the Russian Federation's submission that simple lawful ownership of shares does not qualify as an investment decision under posting 1 (six)(b) from the ECT finds no guidance during the text of your treaty." (CLA-83) The Tribunal also uncovered which the drafters in the ECT did not intend to limit ownership to helpful possession.
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(two) In which a Contracting Bash expropriates the belongings of a corporation or company that https://rosinvest.com is incorporated or constituted under the regulation in power in any A part of its personal territory, and through which investors of the opposite Contracting Social gathering Have a very shareholding, the provisions of paragraph (one) of this text shall apply.
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(b) Nor has the Russian Federation rebutted the evidence that the tax assessments had been discriminatory, as the treatment of Yukos from the Russian tax authorities was substantially various from its treatment method of other similarly situated Russian oil firms.