Unified Agreement For The Investment Of Arab Capital

by admin on October 12, 2021

2. Compensation shall be estimated within six months of the date of the occurrence of the damage and shall be paid within one year of the date of agreement on the amount of compensation or of the date on which the estimate of compensation becomes final. Otherwise, from the day following the expiry of the above-mentioned period, the investor shall be entitled to a late payment fee in respect of the unpaid amount corresponding to the bank interest rate in force in the State in which the investment takes place. Breach of an international commitment or obligation made by a State Party to an Arab investor under this Agreement or its intentional or negligent failure to do anything necessary to perform the same. 1. Compensation shall be paid if it becomes impossible to return the installation to its condition before the damage occurs. Jordan, at the eleventh Arab Summit. It entered into force on 7 September 1981. The draft Statute of the Arab Investment Court entered into force on 22 February 1988. The States members of the League of Arab States are Algeria, Bahrain, the Comoros, Djibouti, Egypt, Iraq, Jordan, Kuwait, Lebanon, the Libyan Jamahiriya, Mauritania, Oman, Palestine, Qatar, Saudi Arabia, the Syrian Arab Republic, Somalia, the Sudan, Tunisia, the United Arab Emirates and Yemen. Breach of any of the guarantee rights granted to the Arab investor in this Agreement or in a decision taken under this Agreement by a competent authority. 2. The amount of compensation shall correspond to the damage suffered by the Arab investor and shall be determined as regards the nature and amount of the damage.

Article by: TDM 4 (2004), in Investor-State Disputes – International Investment Law Fill out the registration form and answer a few simple questions to get an offer….

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