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İçkale İnşaat Limited Şirketi v Turkmenistan, Award, ICSID Case No ARB/10/24, IIC 983 (2016), despatched 8th March 2016, World Bank; International Centre for Settlement of Investment Disputes [ICSID]

İçkale İnşaat Limited Şirketi v Turkmenistan, Award, ICSID Case No ARB/10/24, IIC 983 (2016), despatched 8th March 2016, World Bank; International Centre for Settlement of Investment Disputes [ICSID]

Whether the domestic litigation requirement established in Article VII(2) of the Agreement between Turkey and Turkmenistan concerning the reciprocal promotion and protection of Investments was a jurisdiction or an admissibility requirement.

To what extent the works performed by an investor could qualify as an ‘investment’ under Article 25 of the ICSID Convention and the relevant investment treaty.

Whether most-favoured-nation clauses could be used to ‘import’ the substantive protection standards — the fair and equitable treatment, full protection and security, non-discrimination and umbrella clause standards — which were absent from the applicable investment treaty.

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