“Claimants are not predominantly interested in the legal foundations of their claim but are above all concerned with the question of how much they can expect to receive after a possibly long-lasting and uncomfortable legal procedure” (source: Irmgard Marboe (2017), ‘Calculation of Compensation and Damages in International Investment Law, 2nd edn, Oxford: OUP, p. 2.) 11.01 Typical features of energy investments, such as the extensive role of the state, capital intensity, and long duration, make it extremely important to underpin the investments with legal...
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