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Tania Rumiantseva HSE Legal English Club Essential Criteria for Recognizing

General Approach:BITs Contribution of money or Assets Certain duration (>2 years) Element of risk Contribution to the economic development of the host state * Salini Costruttori SPA and Italstrade SPA v.

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Слайд 1Tania Rumiantseva
HSE Legal English Club
Essential Criteria for Recognizing Transaction,
as

Foreign Investment

Tania RumiantsevaHSE Legal English ClubEssential Criteria for Recognizing Transaction, as Foreign Investment

Слайд 2General Approach:
BITs
Contribution of money or
Assets

Certain duration (>2

years)

Element of risk

Contribution to the
economic development
of

the host state

* Salini Costruttori SPA and Italstrade SPA v. the Kingdom of Morocco, ICSID Case No. ARB/00/4

General Approach:BITs Contribution of money or Assets Certain duration (>2 years) Element of risk Contribution to the

Слайд 3Cases:
Salini Costruttori SPA and Italstrade SPA v. the Kingdom of

Morocco, ICSID Case No. ARB/00/4, Decision on Jurisdiction (July 23,

2001)
Victor Pey Casado et Fondation ‘Presidente Allende v. Republique du Chili, ICSID Case No. ARB/98/2, Award, (May 8, 2008)
Patrick Mitchell v. The Democratic Republic of Congo, ICSID Case No. ARB/99/7, Decision on the Application for Annulment of the Award, (Nov. 1, 2006).
Phoenix Action Ltd. v. the Czech Republic, ICSID Case No. ARB/06/5, Award, (Apr. 15, 2009).
Franz Sedelmayer v. The Russian Federation, SCC Award (1998).
Jan de Nul NV Dredging International NV v. Arab Republic of Egypt, ICSID Case No. ARB/04/13, Decision on Jurisdiction, (June 16, 2006).
Biwater Gauff (Tanzania) Ltd. v. United Republic of Tanzania, ICSID Case No. ARB/05/22, Award, (July 24,2008).
Fedax NV v. Republic of Venezuela, ICSID Case No. ARB/96/3, Decision of the Tribunal on Objections to Jurisdiction (July 11,1997), 37ILM (1998).
Romak Switzerland v. the Republic of Uzbekistan, PCA Case No. AA280, UNCITRAL, Award (Nov. 26, 2009).
Cases:Salini Costruttori SPA and Italstrade SPA v. the Kingdom of Morocco, ICSID Case No. ARB/00/4, Decision on

Слайд 4Resources:
IIAs and BITs UNCTAD database: http://investmentpolicyhub.unctad.org/IIA
Awards, Decisions & Materials on

investment disputes:
https://www.italaw.com/
Dolzer R., Schreuer C. Principles of International Investment Law.

(2nd ed.) Oxford: Oxford University Press, 2012.
Schreuer C. et al. (eds.). The ICSID Convention: a Commentary (2d ed.). Cambridge: Cambridge University Press, 2011.
Schefer K.N. International Investment Law. Cheltenham: Edward Elgar Publishing Limited, 2013.

Resources:IIAs and BITs UNCTAD database: http://investmentpolicyhub.unctad.org/IIAAwards, Decisions & Materials on investment disputes:https://www.italaw.com/Dolzer R., Schreuer C. Principles of

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